Voya Financial (NYSE:VOYA - Get Free Report) had its price target lifted by Wells Fargo & Company from $76.00 to $82.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the asset manager's stock. Wells Fargo & Company's price target points to a potential upside of 13.28% from the stock's previous close.
Several other equities research analysts also recently commented on the company. Morgan Stanley reissued an "overweight" rating and issued a $88.00 target price (up from $86.00) on shares of Voya Financial in a report on Tuesday, June 24th. Barclays boosted their target price on Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Keefe, Bruyette & Woods boosted 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. UBS Group decreased their price target on Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Finally, Bank of America restated an "underperform" rating and issued a $71.00 price target (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. One research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $83.75.
Read Our Latest Research Report on Voya Financial
Voya Financial Trading Down 1.1%
Voya Financial stock traded down $0.82 during trading hours on Thursday, reaching $72.39. The company had a trading volume of 564,945 shares, compared to its average volume of 888,639. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28. The company has a 50-day moving average price of $68.25 and a 200 day moving average price of $67.31. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 0.67 and a beta of 1.00. Voya Financial has a 12-month low of $52.43 and a 12-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 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.56. The firm had revenue of $1.97 billion for 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 period last year, the company earned $1.77 EPS. Equities analysts forecast that Voya Financial will post 8.39 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Yvette S. Butler sold 1,700 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director owned 355 shares of the company's stock, valued at $23,493.90. This represents a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Voya Financial
A number of hedge funds have recently made changes to their positions in VOYA. Jones Financial Companies Lllp boosted its stake 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 worth $28,000 after acquiring an additional 183 shares during the period. Quarry LP bought a new position in shares of Voya Financial in the fourth quarter worth about $37,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Voya Financial in the first quarter worth about $47,000. Geneos Wealth Management Inc. boosted its stake in shares of Voya Financial by 44.0% in the first 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, Versant Capital Management Inc boosted its stake in shares of Voya Financial by 666.4% in the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after acquiring an additional 773 shares during the period. Institutional investors own 96.10% of the company's stock.
About Voya Financial
(
Get Free Report)
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.
Recommended Stories

Before you consider Voya Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Voya Financial wasn't on the list.
While Voya Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.