Voya Financial (NYSE:VOYA)‘s stock had its “buy” rating reissued by equities researchers at Keefe, Bruyette & Woods in a note issued to investors on Thursday, December 21st. They presently have a $55.00 target price on the asset manager’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 1.55% from the company’s current price.
VOYA has been the subject of a number of other research reports. Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. BidaskClub raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Goldman Sachs Group began coverage on shares of Voya Financial in a research report on Wednesday, October 18th. They set a “buy” rating and a $46.00 target price for the company. Royal Bank of Canada reissued a “buy” rating and set a $50.00 target price on shares of Voya Financial in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co set a $50.00 target price on shares of Voya Financial and gave the stock a “buy” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Voya Financial presently has a consensus rating of “Buy” and a consensus target price of $52.18.
Voya Financial (NYSE:VOYA) opened at $54.16 on Thursday. Voya Financial has a one year low of $33.53 and a one year high of $54.63. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44. The company has a market cap of $9,740.00, a PE ratio of -30.43, a PEG ratio of 0.67 and a beta of 1.65.
Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.39). The business had revenue of $226.50 million for the quarter, compared to analyst estimates of $322.92 million. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. During the same period last year, the company posted ($1.24) EPS. sell-side analysts forecast that Voya Financial will post 2.96 earnings per share for the current year.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Voya Financial by 0.8% in the second quarter. Vanguard Group Inc. now owns 15,350,277 shares of the asset manager’s stock valued at $566,271,000 after acquiring an additional 125,764 shares in the last quarter. Franklin Resources Inc. grew its position in Voya Financial by 1.7% in the second quarter. Franklin Resources Inc. now owns 13,647,536 shares of the asset manager’s stock valued at $503,475,000 after acquiring an additional 233,423 shares in the last quarter. BlackRock Inc. grew its position in Voya Financial by 2.5% in the second quarter. BlackRock Inc. now owns 10,921,195 shares of the asset manager’s stock valued at $402,882,000 after acquiring an additional 269,982 shares in the last quarter. Bank of New York Mellon Corp grew its position in Voya Financial by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 6,435,846 shares of the asset manager’s stock valued at $256,727,000 after acquiring an additional 323,678 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Voya Financial by 28.0% in the second quarter. JPMorgan Chase & Co. now owns 5,655,104 shares of the asset manager’s stock valued at $208,617,000 after acquiring an additional 1,236,885 shares in the last quarter. 96.79% of the stock is owned by institutional investors.
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About Voya Financial
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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