Voya Financial (NYSE:VOYA) Given New $75.00 Price Target at Barclays

Voya Financial (NYSE:VOYA - Get Free Report) had its price objective lifted by Barclays from $70.00 to $75.00 in a report released on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the asset manager's stock. Barclays's price objective indicates a potential upside of 2.38% from the company's previous close.

Several other analysts also recently weighed in on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $88.00 target price (up previously from $86.00) on shares of Voya Financial in a report on Tuesday, June 24th. Wells Fargo & Company lifted their target price on shares of Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. UBS Group decreased their price target on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. JPMorgan Chase & Co. decreased their price target on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Voya Financial presently has an average rating of "Hold" and an average target price of $83.75.

Voya Financial Trading Up 0.5%

Shares of NYSE VOYA traded up $0.34 during midday trading on Monday, reaching $73.26. 597,731 shares of the stock were exchanged, compared to its average volume of 888,948. Voya Financial has a twelve month low of $52.43 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.28 and a current ratio of 0.28. The company has a 50 day simple moving average of $68.02 and a 200 day simple moving average of $67.30. The stock has a market capitalization of $7.05 billion, a P/E ratio of 13.82, a PEG ratio of 0.65 and a beta of 1.00.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.56. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $1.77 EPS. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts expect that Voya Financial will post 8.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Yvette S. Butler sold 1,700 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the sale, the director directly owned 355 shares of the company's stock, valued at $23,493.90. The trade was a 82.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Voya Financial

A number of institutional investors and hedge funds have recently bought and sold shares of VOYA. Jones Financial Companies Lllp raised its holdings in shares of Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after buying an additional 183 shares during the last quarter. Quarry LP purchased a new position in shares of Voya Financial during the fourth quarter worth about $37,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Voya Financial during the first quarter worth about $47,000. Geneos Wealth Management Inc. grew its holdings in shares of Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager's stock worth $49,000 after buying an additional 223 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Voya Financial by 666.4% during the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after buying an additional 773 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

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.