Voya Financial (NYSE:VOYA) Price Target Raised to $91.00

Voya Financial (NYSE:VOYA) had its price objective increased by stock analysts at Piper Sandler from $88.00 to $91.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the asset manager’s stock. Piper Sandler’s target price indicates a potential upside of 11.11% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group increased their price target on shares of Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Morgan Stanley decreased their price target on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Bank of America upped their price objective on Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Evercore ISI lifted their target price on Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Barclays boosted their target price on Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.55.

Voya Financial Trading Down 1.2 %

NYSE:VOYA traded down $1.03 on Thursday, reaching $81.90. The company’s stock had a trading volume of 64,201 shares, compared to its average volume of 819,670. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. Voya Financial has a 12-month low of $63.11 and a 12-month high of $83.93. The stock has a 50 day moving average price of $77.71 and a 200 day moving average price of $73.53. 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 (NYSE:VOYA) last announced its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.50% and a net margin of 8.81%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the company earned $2.07 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Voya Financial will post 8.28 EPS for the current fiscal year.

Institutional Trading of Voya Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at $29,000. UMB Bank n.a. boosted its stake in Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares during the period. Quarry LP acquired a new stake in shares of Voya Financial during the second quarter worth about $61,000. Allspring Global Investments Holdings LLC lifted its position in Voya Financial by 6,850.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock worth $62,000 after acquiring an additional 822 shares during the period. Finally, Blue Trust Inc. grew its position in Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after buying an additional 801 shares during the last quarter. Institutional investors and hedge funds 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.