Voya Financial, Inc. (NYSE:VOYA) Receives $85.27 Average PT from Analysts

Shares of Voya Financial, Inc. (NYSE:VOYA) have received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $85.27.

Several equities research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Voya Financial from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Evercore ISI increased their price target on Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Jefferies Financial Group lifted their price objective on shares of Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Wells Fargo & Company boosted their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Piper Sandler raised their target price on shares of Voya Financial from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd.

Voya Financial Trading Down 0.5 %

Shares of VOYA opened at $81.20 on Tuesday. The stock has a market capitalization of $7.98 billion, a PE ratio of 10.70, a P/E/G ratio of 0.57 and a beta of 1.03. The company’s fifty day moving average is $75.58 and its 200 day moving average is $72.81. 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 has a fifty-two week low of $63.02 and a fifty-two week high of $83.93.

Voya Financial (NYSE:VOYA) last posted its earnings results 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. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.31 EPS. Sell-side analysts expect that Voya Financial will post 8.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Voya Financial

A number of hedge funds have recently added to or reduced their stakes in VOYA. V Square Quantitative Management LLC purchased a new stake in shares of Voya Financial in the third quarter valued at approximately $29,000. UMB Bank n.a. lifted its holdings in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after buying an additional 239 shares during the period. FinTrust Capital Advisors LLC purchased a new stake in shares of Voya Financial in the 1st quarter worth $43,000. Blue Trust Inc. grew its position in shares of Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after buying an additional 801 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Voya Financial by 6,850.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after buying an additional 822 shares during the period. 96.10% of the stock is currently 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.