Voya Financial (NYSE:VOYA) Given New $75.00 Price Target at Barclays

Voya Financial (NYSE:VOYA) had its target price lowered by Barclays from $79.00 to $75.00 in a report released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

VOYA has been the topic of a number of other reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $76.00 target price (down from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Evercore ISI decreased their price objective on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods reduced their price target on shares of Voya Financial from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Bank of America reissued a “neutral” rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and an average price target of $82.18.

Voya Financial Stock Performance

NYSE:VOYA opened at $72.23 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The firm’s fifty day simple moving average is $71.24 and its 200-day simple moving average is $74.10. The stock has a market cap of $6.95 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. Analysts expect that Voya Financial will post 7.11 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Hedge Funds Weigh In On Voya Financial

Institutional investors have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. grew its holdings in Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after buying an additional 327 shares during the period. US Bancorp DE boosted its position in shares of Voya Financial by 14.9% in the fourth quarter. US Bancorp DE now owns 4,199 shares of the asset manager’s stock worth $289,000 after acquiring an additional 544 shares during the last quarter. GW&K Investment Management LLC grew its holdings in Voya Financial by 0.8% in the fourth quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager’s stock valued at $69,722,000 after purchasing an additional 8,024 shares during the period. Parkside Financial Bank & Trust increased its position in Voya Financial by 13.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock worth $105,000 after purchasing an additional 184 shares during the last quarter. Finally, A&I Financial Services LLC acquired a new position in Voya Financial during the fourth quarter worth approximately $391,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.