Voya Financial (NYSE:VOYA) PT Set at $89.00 by Morgan Stanley

Voya Financial (NYSE:VOYA - Get Free Report) has been assigned a $89.00 price objective by research analysts at Morgan Stanley in a note issued to investors on Monday, July 14th, Marketbeat Ratings reports. The brokerage currently has an "overweight" rating on the asset manager's stock. Morgan Stanley's price target suggests a potential upside of 27.81% from the company's current price.

Several other research firms have also issued reports on VOYA. Barclays raised their price target on shares of Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. lifted their price objective on shares of Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. UBS Group cut their price objective on Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Bank of America reaffirmed an "underperform" rating and issued a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Finally, Keefe, Bruyette & Woods raised their price target on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $83.50.

Voya Financial Trading Down 2.0%

Shares of VOYA stock opened at $69.64 on Monday. Voya Financial has a 12-month low of $52.43 and a 12-month high of $84.30. The company has a market capitalization of $6.70 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.65 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $69.40 and a 200 day moving average price of $67.61.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. The company's revenue was down 4.0% on a year-over-year basis. Research analysts forecast that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Yvette S. Butler sold 1,700 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the sale, the director owned 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Voya Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of VOYA. Jones Financial Companies Lllp lifted its position in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares during the last quarter. IFP Advisors Inc lifted its stake in Voya Financial by 225.6% during the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager's stock worth $31,000 after purchasing an additional 300 shares during the period. Quarry LP acquired a new stake in shares of Voya Financial during the fourth quarter worth approximately $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Voya Financial in the first quarter valued at approximately $47,000. Finally, Geneos Wealth Management Inc. grew its holdings in Voya Financial by 44.0% during 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. 96.10% of the stock is currently owned by institutional investors and hedge funds.

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.