Voya Financial (NYSE:VOYA) Given New $87.00 Price Target at Barclays

Key Points

• Barclays cut its price target on Voya Financial from $92 to $87 but kept an "overweight" rating, implying about a 25% upside from the prior close.
• Analyst consensus remains broadly positive with an average price target of $86.75 and six Buy vs. three Hold ratings, giving Voya an overall "Moderate Buy" view.
• In the most recent quarter Voya reported $1.94 EPS (missing estimates) and revenue of $2.01B (slightly beating), while the stock traded near $69.58 with a PE of ~11.07 and ~96% institutional ownership.

Voya Financial (NYSE:VOYA - Get Free Report) had its price objective cut by analysts at Barclays from $92.00 to $87.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the asset manager's stock. Barclays's price objective would suggest a potential upside of 25.03% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Voya Financial from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Keefe, Bruyette & Woods reissued a "moderate buy" rating and set a $82.00 target price on shares of Voya Financial in a research note on Thursday, March 26th. Weiss Ratings lowered shares of Voya Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday. Evercore lowered their target price on shares of Voya Financial from $90.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 4th. Finally, UBS Group set a $90.00 target price on shares of Voya Financial in a research note on Wednesday, February 4th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Voya Financial has an average rating of "Moderate Buy" and an average price target of $86.75.

Voya Financial Price Performance

Shares of VOYA stock traded up $1.78 during mid-day trading on Wednesday, hitting $69.58. 616,774 shares of the stock were exchanged, compared to its average volume of 1,012,751. The firm has a fifty day moving average of $70.54 and a 200 day moving average of $72.66. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41. Voya Financial has a 52-week low of $52.69 and a 52-week high of $79.99. The company has a market cap of $6.45 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 0.45 and a beta of 0.86.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.17). Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The company's revenue was up 5.0% compared to the same quarter last year. Research analysts anticipate that Voya Financial will post 8.39 earnings per share for the current year.

Institutional Trading of Voya Financial

Several large investors have recently bought and sold shares of VOYA. Root Financial Partners LLC purchased a new stake in Voya Financial during the 3rd quarter valued at about $26,000. Allworth Financial LP grew its stake in Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager's stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Voya Financial during the 4th quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new stake in Voya Financial during the 4th quarter valued at about $33,000. Finally, Systematic Financial Management LP purchased a new stake in Voya Financial during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 96.10% of the company's stock.

About Voya Financial

Voya Financial, Inc NYSE: VOYA is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya's operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya's core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

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