UBS Group Issues Positive Forecast for Voya Financial (NYSE:VOYA) Stock Price

Key Points

• UBS Group has increased its target price for Voya Financial from $87.00 to $90.00, indicating a potential upside of 23.57% from the current stock price.
• Voya Financial reported a quarterly EPS of $2.15, beating analyst expectations, but its revenue decreased by 4.0% compared to the same quarter last year.
• Research ratings for Voya Financial show mixed sentiments with one sell rating, four hold ratings, and six buy ratings, resulting in a consensus rating of "Hold" with an average target price of $83.70.

Voya Financial (NYSE:VOYA - Get Free Report) had its target price increased by research analysts at UBS Group from $87.00 to $90.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the asset manager's stock. UBS Group's target price would indicate a potential upside of 23.57% from the company's current price.

VOYA has been the topic of a number of other reports. Barclays raised their target price on shares of Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Wells Fargo & Company increased their price target on Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. lifted their price objective on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Morgan Stanley set a $89.00 price target on shares of Voya Financial and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $83.70.

Voya Financial Stock Performance

Shares of NYSE:VOYA traded up $4.88 during midday trading on Wednesday, hitting $72.83. The company had a trading volume of 554,482 shares, compared to its average volume of 937,947. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.62 and a beta of 0.99. Voya Financial has a 12-month low of $52.43 and a 12-month high of $84.30. The company has a fifty day moving average of $69.60 and a two-hundred day moving average of $67.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28.

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 analysts' consensus estimates of $1.59 by $0.56. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 earnings per share. On average, equities research analysts expect that Voya Financial will post 8.39 EPS for the current fiscal year.

Insider Activity

In related news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the sale, the director directly owned 355 shares in the company, valued at approximately $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is owned by company insiders.

Institutional Trading of Voya Financial

A number of hedge funds and other institutional investors have recently modified their holdings of VOYA. Price T Rowe Associates Inc. MD raised its holdings in Voya Financial by 23.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager's stock valued at $384,849,000 after acquiring an additional 1,095,190 shares in the last quarter. Bank of New York Mellon Corp grew its position in Voya Financial by 7.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,539,009 shares of the asset manager's stock valued at $393,270,000 after buying an additional 407,426 shares during the last quarter. Wellington Management Group LLP lifted its position in Voya Financial by 5.4% in the first quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager's stock valued at $373,505,000 after purchasing an additional 280,316 shares during the period. Kelly Financial Group LLC purchased a new stake in shares of Voya Financial in the first quarter valued at approximately $270,680,000. Finally, Pzena Investment Management LLC grew its holdings in Voya Financial by 1.7% during the second quarter. Pzena Investment Management LLC now owns 3,661,257 shares of the asset manager's stock worth $259,949,000 after acquiring an additional 62,093 shares during the period. 96.10% of the stock is 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.

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