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

Voya Financial (NYSE:VOYA) had its price objective upped by analysts at Piper Sandler from $84.00 to $88.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the asset manager’s stock. Piper Sandler’s target price suggests a potential upside of 12.32% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Voya Financial from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Citigroup upped their price target on shares of Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Bank of America upped their price target on shares of Voya Financial from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Barclays initiated coverage on shares of Voya Financial in a research report on Wednesday, September 4th. They set an “overweight” rating and a $84.00 price target for the company. Finally, 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 report on Wednesday, September 11th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $83.82.

Voya Financial Trading Down 1.4 %

Shares of Voya Financial stock opened at $78.35 on Wednesday. The firm has a 50-day simple moving average of $71.57 and a two-hundred day simple moving average of $71.83. The company has a market cap of $7.89 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03. Voya Financial has a fifty-two week low of $63.02 and a fifty-two week high of $79.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts predict that Voya Financial will post 8.45 earnings per share for the current fiscal year.

Institutional Trading of Voya Financial

Several hedge funds have recently made changes to their positions in VOYA. Stifel Financial Corp grew its stake in shares of Voya Financial by 7.5% in the 4th quarter. Stifel Financial Corp now owns 63,950 shares of the asset manager’s stock valued at $4,666,000 after buying an additional 4,450 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Voya Financial by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 44,817 shares of the asset manager’s stock worth $3,270,000 after purchasing an additional 426 shares during the period. California State Teachers Retirement System boosted its position in shares of Voya Financial by 1.7% during the 4th quarter. California State Teachers Retirement System now owns 111,256 shares of the asset manager’s stock worth $8,117,000 after purchasing an additional 1,827 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in shares of Voya Financial by 128.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 9,159 shares of the asset manager’s stock worth $668,000 after purchasing an additional 5,148 shares during the period. Finally, KBC Group NV boosted its position in shares of Voya Financial by 50.6% during the 4th quarter. KBC Group NV now owns 1,871 shares of the asset manager’s stock worth $137,000 after purchasing an additional 629 shares during the period. Hedge funds and other institutional investors 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.