Voya Financial (NYSE:VOYA – Get Free Report) had its target price decreased by analysts at Keefe, Bruyette & Woods from $92.00 to $90.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 36.55% from the stock’s previous close.
A number of other brokerages also recently commented on VOYA. Evercore ISI lowered their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Barclays reduced their price objective on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Piper Sandler reduced their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and a consensus price target of $84.73.
Get Our Latest Analysis on VOYA
Voya Financial Stock Performance
Voya Financial (NYSE:VOYA – Get Free Report) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. Voya Financial’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.07 EPS. On average, equities research analysts expect that Voya Financial will post 8.09 EPS for the current fiscal year.
Insider Transactions at Voya Financial
In other Voya Financial news, insider Tony D. Oh sold 715 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.37% of the company’s stock.
Institutional Trading of Voya Financial
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Retirement Systems of Alabama grew its stake in Voya Financial by 8.2% in the 3rd quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager’s stock worth $21,575,000 after acquiring an additional 20,750 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Voya Financial in the 3rd quarter valued at $209,000. Coldstream Capital Management Inc. boosted its holdings in shares of Voya Financial by 8.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,591 shares of the asset manager’s stock valued at $285,000 after purchasing an additional 270 shares during the last quarter. Barclays PLC boosted its holdings in shares of Voya Financial by 48.2% in the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock valued at $3,872,000 after purchasing an additional 15,902 shares during the last quarter. Finally, LRI Investments LLC boosted its holdings in shares of Voya Financial by 780.5% in the 3rd quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock valued at $85,000 after purchasing an additional 921 shares during the last quarter. 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.
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