Voya Financial (NYSE:VOYA) Price Target Raised to $82.00 at Wells Fargo & Company

Voya Financial (NYSE:VOYA - Get Free Report) had its target price boosted by research analysts at Wells Fargo & Company from $76.00 to $82.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the asset manager's stock. Wells Fargo & Company's price objective suggests a potential upside of 13.28% from the stock's previous close.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a report on Tuesday. Barclays raised their price objective on shares of Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday. Morgan Stanley restated an "overweight" rating and set a $88.00 price objective (up previously from $86.00) on shares of Voya Financial in a report on Tuesday, June 24th. Keefe, Bruyette & Woods lifted their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Bank of America restated an "underperform" rating and issued a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Voya Financial presently has an average rating of "Hold" and a consensus price target of $83.75.

Voya Financial Stock Down 1.1%

NYSE VOYA traded down $0.82 on Thursday, hitting $72.39. 564,945 shares of the company were exchanged, compared to its average volume of 887,657. The company has a market cap of $6.96 billion, a PE ratio of 13.66, a PEG ratio of 0.65 and a beta of 1.00. Voya Financial has a 12 month low of $52.43 and a 12 month high of $84.30. The stock has a fifty day moving average of $68.02 and a 200-day moving average of $67.30. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58.

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

Insider Activity

In other news, Director Yvette S. Butler sold 1,700 shares of the company'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 owned 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.99% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. US Bancorp DE increased its position in Voya Financial by 14.9% during the 4th quarter. US Bancorp DE now owns 4,199 shares of the asset manager's stock valued at $289,000 after purchasing an additional 544 shares during the period. Jones Financial Companies Lllp boosted its holdings 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 buying an additional 183 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Voya Financial by 22.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,545 shares of the asset manager's stock valued at $106,000 after buying an additional 282 shares in the last quarter. Atria Investments Inc boosted its holdings in shares of Voya Financial by 3.6% during the 4th quarter. Atria Investments Inc now owns 6,840 shares of the asset manager's stock valued at $471,000 after buying an additional 236 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Voya Financial during the 4th quarter valued at $3,806,000. 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.