Barclays Raises Voya Financial (NYSE:VOYA) Price Target to $75.00

Voya Financial (NYSE:VOYA - Get Free Report) had its price objective increased by equities researchers at Barclays from $70.00 to $75.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the asset manager's stock. Barclays's price objective points to a potential upside of 3.61% from the stock's current price.

Several other research analysts have also recently commented on VOYA. Wells Fargo & Company boosted their price target on Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Bank of America reaffirmed an "underperform" rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Keefe, Bruyette & Woods upped their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Finally, UBS Group cut their price target on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Voya Financial currently has a consensus rating of "Hold" and an average price target of $82.50.

Voya Financial Stock Down 0.7%

Shares of NYSE:VOYA traded down $0.51 during midday trading on Monday, hitting $72.39. 1,240,228 shares of the company's stock traded hands, compared to its average volume of 886,517. 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 market cap of $6.96 billion, a PE ratio of 13.66, a P/E/G ratio of 0.66 and a beta of 1.00. The firm's fifty day moving average price is $67.20 and its two-hundred day moving average price is $67.18. Voya Financial has a twelve month low of $52.43 and a twelve month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.56. The company had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 earnings per share. On average, equities research analysts anticipate that Voya Financial will post 8.39 EPS for the current fiscal year.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the sale, the director directly owned 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On Voya Financial

Several institutional investors and hedge funds have recently bought and sold shares of VOYA. Strs Ohio acquired a new stake in shares of Voya Financial during the 1st quarter worth approximately $1,973,000. WBI Investments LLC acquired a new stake in Voya Financial in the first quarter worth $231,000. Westbourne Investments Inc. acquired a new stake in Voya Financial in the first quarter worth $929,000. Geneos Wealth Management Inc. increased its holdings in shares of Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager's stock worth $49,000 after acquiring an additional 223 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Voya Financial by 247.1% in the 1st quarter. Jane Street Group LLC now owns 190,035 shares of the asset manager's stock worth $12,877,000 after acquiring an additional 135,292 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

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.