Voya Financial (NYSE:VOYA) Upgraded at TD Cowen

Voya Financial (NYSE:VOYA) was upgraded by equities researchers at TD Cowen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday, MarketBeat Ratings reports.

A number of other research analysts also recently commented on the company. Evercore dropped their price objective on Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley dropped their price objective on Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. UBS Group dropped their price objective on Voya Financial from $90.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Weiss Ratings downgraded Voya Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Finally, Royal Bank Of Canada raised their price target on Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.50.

Voya Financial Trading Up 1.5%

VOYA opened at $75.55 on Monday. Voya Financial has a one year low of $54.48 and a one year high of $79.99. The company has a market cap of $6.98 billion, a P/E ratio of 12.01, a PEG ratio of 0.50 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.27. The business’s 50-day simple moving average is $69.95 and its 200-day simple moving average is $72.46.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the company posted $1.40 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Voya Financial will post 9.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in Voya Financial during the 3rd quarter worth approximately $26,000. Allworth Financial LP grew its stake in Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in Voya Financial during the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in Voya Financial during the 4th quarter worth approximately $33,000. Finally, Systematic Financial Management LP purchased a new position in Voya Financial during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.