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

Voya Financial (NYSE:VOYAGet Free Report) 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.

View Our Latest Research Report on VOYA

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:VOYAGet Free Report) 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

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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.

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