Voya Financial (NYSE:VOYA) PT Raised to $88.00

Voya Financial (NYSE:VOYA) had its target price boosted by investment analysts at Bank of America from $84.00 to $88.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the asset manager’s stock. Bank of America‘s price objective would suggest a potential upside of 10.18% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Evercore ISI increased their price objective on shares of Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lowered 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 report on Thursday, October 3rd. Barclays increased their price target on shares of Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Morgan Stanley decreased their price objective on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.27.

Voya Financial Trading Up 0.9 %

Shares of VOYA stock opened at $79.87 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial has a 1 year low of $63.02 and a 1 year high of $80.36. The firm’s fifty day simple moving average is $72.56 and its 200 day simple moving average is $72.20. The firm has a market capitalization of $7.85 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 0.59 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its 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. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $2.31 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts predict that Voya Financial will post 8.37 EPS for the current year.

Institutional Trading of Voya Financial

Large investors have recently made changes to their positions in the business. Burns Matteson Capital Management LLC acquired a new position in Voya Financial during the 3rd quarter worth about $363,000. UMB Bank n.a. increased its position in Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 239 shares in the last quarter. Wright Investors Service Inc. raised its stake in shares of Voya Financial by 7.7% in the third quarter. Wright Investors Service Inc. now owns 9,586 shares of the asset manager’s stock worth $759,000 after acquiring an additional 687 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Voya Financial by 379.8% during the third quarter. SG Americas Securities LLC now owns 13,242 shares of the asset manager’s stock worth $1,049,000 after purchasing an additional 10,482 shares in the last quarter. Finally, Cascade Investment Advisors Inc. bought a new stake in shares of Voya Financial during the third quarter valued at approximately $1,234,000. Institutional investors own 96.10% of the company’s stock.

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.