Voya Financial (NYSE:VOYA) Price Target Raised to $80.00

Voya Financial (NYSE:VOYA) had its price target lifted by equities researchers at Evercore ISI from $79.00 to $80.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the asset manager’s stock. Evercore ISI’s price objective would indicate a potential upside of 17.16% from the stock’s current price.

Other research analysts have also issued reports about the stock. Morgan Stanley decreased their price objective on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Royal Bank of Canada decreased their price objective on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. The Goldman Sachs Group restated a “neutral” rating and issued a $82.00 price objective on shares of Voya Financial in a report on Monday, January 8th. Piper Sandler upped their target price on shares of Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, StockNews.com raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Three research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $82.50.

Voya Financial Trading Down 0.8 %

NYSE:VOYA opened at $68.29 on Thursday. The company has a fifty day moving average of $69.93 and a 200 day moving average of $70.12. Voya Financial has a 52 week low of $63.02 and a 52 week high of $77.78. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $6.94 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.41 and a beta of 1.06.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. The business had revenue of $236.00 million during the quarter, compared to analyst estimates of $304.66 million. On average, research analysts predict that Voya Financial will post 8.44 earnings per share for the current year.

Institutional Trading of Voya Financial

Institutional investors have recently bought and sold shares of the company. Chilton Capital Management LLC purchased a new stake in Voya Financial during the 4th quarter valued at about $26,000. Atlas Capital Advisors LLC grew its position in Voya Financial by 48.4% during the 4th quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 136 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in Voya Financial during the 3rd quarter valued at about $33,000. Sunbelt Securities Inc. purchased a new stake in Voya Financial during the 1st quarter valued at about $35,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Voya Financial during the 1st quarter valued at about $36,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

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.