Voya Financial (NYSE:VOYA) Given New $91.00 Price Target at Citigroup

Voya Financial (NYSE:VOYA) had its price target raised by equities research analysts at Citigroup from $86.00 to $91.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. Citigroup’s target price indicates a potential upside of 25.74% from the company’s current price.

Several other research firms have also recently commented on VOYA. Wells Fargo & Company lifted their target price on Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Jefferies Financial Group lifted their target price on Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Bank of America lifted their target price on Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. lifted their target price on Voya Financial from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Finally, Evercore ISI lifted their target price on Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.30.

Voya Financial Price Performance

VOYA traded up $0.28 during trading on Tuesday, hitting $72.37. The company’s stock had a trading volume of 30,545 shares, compared to its average volume of 826,711. The firm’s 50 day moving average price is $72.90 and its two-hundred day moving average price is $71.27. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial has a 12 month low of $63.02 and a 12 month high of $77.00. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.30. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $1.69 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Sell-side analysts forecast that Voya Financial will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Yvette S. Butler sold 2,165 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.78, for a total value of $159,733.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Voya Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Chilton Capital Management LLC bought a new stake in Voya Financial during the fourth quarter worth about $26,000. SYSTM Wealth Solutions LLC raised its holdings in Voya Financial by 56.2% during the first quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock worth $31,000 after acquiring an additional 149 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in Voya Financial during the first quarter worth approximately $43,000. Venturi Wealth Management LLC increased its position in Voya Financial by 213.2% during the first quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager’s stock worth $44,000 after buying an additional 405 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in Voya Financial during the fourth quarter worth approximately $49,000. 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.