Brokerages Set Voya Financial, Inc. (NYSE:VOYA) Target Price at $85.27

Shares of Voya Financial, Inc. (NYSE:VOYA) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $85.27.

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Evercore ISI boosted their target price on shares of Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Piper Sandler upped their target price on shares of Voya Financial from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Bank of America lifted their price target on shares of Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Raymond James downgraded shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th.

Institutional Trading of Voya Financial

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue lifted its holdings in shares of Voya Financial by 2.2% in the third quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock worth $905,000 after buying an additional 245 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Voya Financial by 10.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,646 shares of the asset manager’s stock valued at $1,002,000 after purchasing an additional 1,150 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of Voya Financial during the third quarter valued at about $517,000. International Assets Investment Management LLC grew its position in shares of Voya Financial by 15,513.4% during the third quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock valued at $1,657,000 after purchasing an additional 20,788 shares in the last quarter. Finally, Vest Financial LLC increased its holdings in shares of Voya Financial by 30.2% in the third quarter. Vest Financial LLC now owns 19,612 shares of the asset manager’s stock worth $1,554,000 after purchasing an additional 4,553 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 0.5 %

Shares of Voya Financial stock opened at $81.20 on Tuesday. 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 twelve month low of $63.02 and a twelve month high of $83.93. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.57 and a beta of 1.03. The company’s 50 day moving average is $75.58 and its 200 day moving average is $72.81.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.13. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.31 EPS. Research analysts anticipate that Voya Financial will post 8.31 EPS for the current year.

About Voya Financial

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.