Voya Financial (NYSE:VOYA) Rating Lowered to “Hold” at Barclays

Voya Financial (NYSE:VOYA) was downgraded by equities research analysts at Barclays from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $76.00 price objective (down previously from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Bank of America restated a “neutral” rating and issued a $83.00 target price (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Keefe, Bruyette & Woods dropped their price objective on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday. Piper Sandler lowered their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada lowered their price target on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.18.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $70.82 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.49 and a beta of 1.05. The firm’s 50 day simple moving average is $71.00 and its 200-day simple moving average is $74.08. Voya Financial has a 12 month low of $63.11 and a 12 month high of $84.30.

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

Hedge Funds Weigh In On Voya Financial

Several hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after buying an additional 183 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Voya Financial in the third quarter worth $29,000. SRS Capital Advisors Inc. lifted its position in shares of Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after purchasing an additional 327 shares during the period. UMB Bank n.a. increased its stake in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 239 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Voya Financial during the 4th quarter worth approximately $41,000. Institutional investors own 96.10% of the company’s stock.

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.