Voya Financial (NYSE:VOYA) Given New $105.00 Price Target at JPMorgan Chase & Co.

Voya Financial (NYSE:VOYA) had its target price decreased by JPMorgan Chase & Co. from $109.00 to $105.00 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 11.04% from the stock’s previous close.

A number of other equities analysts also recently issued reports on VOYA. UBS Group upped their price target on Voya Financial from $125.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $108.00 price objective (down from $110.00) on shares of Voya Financial in a report on Friday, October 9th. Atlantic Securities set a $79.00 price objective on Voya Financial in a research report on Wednesday, July 15th. Jefferies Financial Group boosted their target price on Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. Finally, Barclays boosted their target price on Voya Financial from $105.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.69.

Voya Financial Stock Down 0.6%

Shares of NYSE VOYA traded down $0.56 during trading hours on Thursday, hitting $94.56. 247,699 shares of the stock were exchanged, compared to its average volume of 1,117,624. Voya Financial has a 12 month low of $64.50 and a 12 month high of $105.64. The firm has a fifty day moving average price of $99.48 and a 200-day moving average price of $90.49. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. The company has a market cap of $8.57 billion, a PE ratio of 15.94, a PEG ratio of 0.95 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. Voya Financial’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business earned $1.66 earnings per share. On average, sell-side analysts expect that Voya Financial will post 9.22 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VOYA. Danske Bank A S acquired a new stake in shares of Voya Financial during the second quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Voya Financial in the 2nd quarter valued at $48,000. Root Financial Partners LLC raised its stake in Voya Financial by 59.6% in the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after acquiring an additional 214 shares during the last quarter. Versant Capital Management Inc raised its stake in Voya Financial by 29.6% in the 3rd quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock worth $66,000 after acquiring an additional 159 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Voya Financial during the 2nd quarter worth about $84,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Company Profile

Voya Financial, Inc is a financial services company that helps individuals, employers and institutions plan, invest and prepare for retirement. The company operates primarily in the United States and focuses on retirement plans, employee benefits and investment management.

Voya’s retirement business provides workplace retirement plans and related services, including plan administration, participant education and advice. Its employee benefits business offers products and services such as group life insurance, disability insurance, supplemental health benefits and health savings account solutions.

Through its investment management operations, Voya serves institutional and individual investors with investment strategies across public and private markets.