Voya Financial (NYSE:VOYA) PT Raised to $82.00

Voya Financial (NYSE:VOYA) had its target price upped by Evercore ISI from $79.00 to $82.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Evercore ISI’s price target indicates a potential upside of 8.84% from the company’s current price.

VOYA has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Voya Financial from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company decreased their target price on shares of Voya Financial from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Citigroup boosted their target price on shares of Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $83.00 price objective on shares of Voya Financial in a research note on Wednesday, August 7th. Finally, Bank of America boosted their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.64.

Voya Financial Stock Performance

Shares of NYSE:VOYA opened at $75.34 on Wednesday. The company’s 50 day simple moving average is $69.90 and its 200 day simple moving average is $70.91. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. Voya Financial has a 1 year low of $63.02 and a 1 year high of $76.75.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. As a group, research analysts predict that Voya Financial will post 8.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Voya Financial

Several hedge funds and other institutional investors have recently made changes to their positions in VOYA. International Assets Investment Management LLC bought a new stake in shares of Voya Financial during the fourth quarter worth about $713,000. Charles Schwab Investment Management Inc. grew its position in shares of Voya Financial by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 681,329 shares of the asset manager’s stock valued at $49,710,000 after acquiring an additional 18,316 shares during the period. Principal Securities Inc. bought a new position in shares of Voya Financial during the 4th quarter valued at approximately $368,000. M&G Investment Management Ltd. grew its position in shares of Voya Financial by 7.1% during the 4th quarter. M&G Investment Management Ltd. now owns 120,391 shares of the asset manager’s stock valued at $8,789,000 after acquiring an additional 7,991 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Voya Financial by 10.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,517 shares of the asset manager’s stock valued at $1,205,000 after acquiring an additional 1,583 shares during the period. 96.10% of the stock is owned by 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.