Voya Financial (NYSE:VOYA – Get Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.
VOYA has been the topic of several other research reports. Morgan Stanley lowered their target price on shares of Voya Financial from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. JPMorgan Chase & Co. lowered their price objective on shares of Voya Financial from $96.00 to $89.00 and set an “overweight” rating on the stock in a research note on Friday, October 6th. Wells Fargo & Company lowered their price objective on shares of Voya Financial from $91.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price objective on shares of Voya Financial in a research note on Friday, November 17th. Finally, Jefferies Financial Group lowered their price objective on shares of Voya Financial from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.75.
Voya Financial Stock Down 0.4 %
VOYA stock traded down $0.32 during trading on Friday, hitting $73.68. 467,567 shares of the stock traded hands, compared to its average volume of 1,136,366. Voya Financial has a 1 year low of $60.31 and a 1 year high of $78.11. The firm’s 50 day moving average is $70.25 and its two-hundred day moving average is $70.48. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.29 and a quick ratio of 0.29.
Voya Financial (NYSE:VOYA – Get Free Report) last announced its quarterly earnings data on Tuesday, October 31st. The asset manager reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $336.28 million. Voya Financial had a net margin of 10.81% and a return on equity of 16.91%. During the same period last year, the company posted $2.30 earnings per share. On average, sell-side analysts anticipate that Voya Financial will post 8.21 EPS for the current year.
Insider Buying and Selling at Voya Financial
In other Voya Financial news, insider Tony D. Oh sold 714 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $68.02, for a total transaction of $48,566.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.44% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Atlas Capital Advisors LLC lifted its position in Voya Financial by 48.4% in the fourth quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock worth $26,000 after buying an additional 136 shares during the last quarter. Clearstead Advisors LLC bought a new stake in Voya Financial in the third quarter worth $33,000. EverSource Wealth Advisors LLC lifted its position in Voya Financial by 115.5% in the first quarter. EverSource Wealth Advisors LLC now owns 474 shares of the asset manager’s stock worth $34,000 after buying an additional 254 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in Voya Financial in the first quarter worth $35,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Voya Financial in the first quarter worth $36,000. 96.10% of the stock is owned by hedge funds and other institutional investors.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. Its Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.