Voya Financial (NYSE:VOYA) Price Target Raised to $91.00 at Wells Fargo & Company

Voya Financial (NYSE:VOYA) had its target price boosted by research analysts at Wells Fargo & Company from $85.00 to $91.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the asset manager’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 33.26% from the company’s current price.

Other analysts have also recently issued research reports about the company. Evercore ISI raised their target price on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley decreased their target price on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Piper Sandler raised their target price on Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $82.00 target price on shares of Voya Financial in a research report on Monday, January 8th. Finally, Royal Bank of Canada decreased their target price on Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and an average price target of $82.50.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $68.29 on Thursday. 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 stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.41 and a beta of 1.06. The stock’s fifty day simple moving average is $69.93 and its 200 day simple moving average is $70.12. Voya Financial has a 52-week low of $63.02 and a 52-week high of $77.78.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $304.66 million. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. As a group, sell-side analysts forecast that Voya Financial will post 8.44 earnings per share for the current fiscal year.

Institutional Trading of Voya Financial

A number of institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its position in shares of Voya Financial by 2.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock worth $115,621,000 after buying an additional 40,000 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Voya Financial by 1.5% in the third quarter. Arizona State Retirement System now owns 27,980 shares of the asset manager’s stock worth $1,859,000 after buying an additional 403 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Voya Financial by 141.0% in the third quarter. AQR Capital Management LLC now owns 315,982 shares of the asset manager’s stock worth $20,997,000 after buying an additional 184,864 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Voya Financial by 7.8% in the third quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock worth $695,436,000 after buying an additional 752,851 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Voya Financial in the third quarter worth about $875,000. Institutional investors and hedge funds 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.