Voya Financial (NYSE:VOYA) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Voya Financial (NYSE:VOYA - Get Free Report) had its target price increased by stock analysts at Wells Fargo & Company from $76.00 to $82.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the asset manager's stock. Wells Fargo & Company's price target suggests a potential upside of 11.93% from the stock's current price.

A number of other research analysts have also issued reports on the stock. Barclays boosted their target price on shares of Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their target price on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Morgan Stanley restated an "overweight" rating and issued a $88.00 price objective (up previously from $86.00) on shares of Voya Financial in a report on Tuesday, June 24th. Finally, UBS Group cut their price target on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $83.75.

Voya Financial Stock Up 0.5%

VOYA traded up $0.34 on Thursday, reaching $73.26. The company's stock had a trading volume of 597,731 shares, compared to its average volume of 888,948. 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 has a 1 year low of $52.43 and a 1 year high of $84.30. The business's 50 day moving average is $68.02 and its 200 day moving average is $67.30. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 0.65 and a beta of 1.00.

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

Insider Activity 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 transaction, the director directly 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 filing with the SEC, which is available through the SEC website. Insiders own 0.99% of the company's stock.

Institutional Investors Weigh In On Voya Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in VOYA. US Bancorp DE boosted its holdings in Voya Financial by 14.9% during the fourth quarter. US Bancorp DE now owns 4,199 shares of the asset manager's stock valued at $289,000 after acquiring an additional 544 shares during the period. Jones Financial Companies Lllp boosted its stake in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after buying an additional 183 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Voya Financial by 22.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,545 shares of the asset manager's stock valued at $106,000 after purchasing an additional 282 shares in the last quarter. Atria Investments Inc boosted its stake in Voya Financial by 3.6% in 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 position in shares of Voya Financial during the fourth quarter valued at $3,806,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

About Voya Financial

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.