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

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

Several other equities analysts also recently commented on the company. Jefferies Financial Group upped their price objective on Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Royal Bank of Canada lifted their price objective on shares of Voya Financial from $83.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. downgraded shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a research note on Thursday, October 3rd. Citigroup lifted their price target on shares of Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Barclays boosted their price target on Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and an average price target of $85.55.

Voya Financial Trading Down 1.2 %

VOYA traded down $1.03 during trading on Thursday, reaching $81.90. The company had a trading volume of 64,201 shares, compared to its average volume of 819,670. The business has a 50 day simple moving average of $77.71 and a 200-day simple moving average of $73.53. The stock has a market cap of $8.05 billion, a P/E ratio of 13.16, a PEG ratio of 0.55 and a beta of 1.03. 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 52 week low of $63.11 and a 52 week high of $83.93.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.07. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.50%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.07 earnings per share. On average, equities analysts anticipate that Voya Financial will post 8.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Voya Financial

Institutional investors have recently bought and sold shares of the company. Hohimer Wealth Management LLC boosted its stake in Voya Financial by 1.7% in the 1st quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager’s stock worth $625,000 after purchasing an additional 140 shares in the last quarter. Arjuna Capital boosted its position in Voya Financial by 0.8% during the second quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock worth $1,401,000 after purchasing an additional 161 shares in the last quarter. US Bancorp DE grew its stake in Voya Financial by 5.8% in the 3rd quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after acquiring an additional 202 shares during the period. First Trust Direct Indexing L.P. grew its position in shares of Voya Financial by 6.8% in the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock valued at $261,000 after purchasing an additional 210 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after buying an additional 239 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

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.