Voya Financial (NYSE:VOYA) Price Target Raised to $79.00 at Wells Fargo & Company

Voya Financial (NYSE:VOYA) had its target price upped by equities research analysts at Wells Fargo & Company from $76.00 to $79.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 4.45% from the company’s current price.

A number of other research analysts have also recently commented on VOYA. Bank of America reissued a “neutral” rating and set a $83.00 target price (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Royal Bank of Canada reduced their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price 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, January 7th. Piper Sandler dropped their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Finally, UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.55.

Voya Financial Trading Up 0.9 %

Shares of VOYA stock opened at $75.64 on Wednesday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial has a fifty-two week low of $64.10 and a fifty-two week high of $84.30. The firm’s 50 day moving average price is $69.92 and its two-hundred day moving average price is $74.21.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, analysts anticipate that Voya Financial will post 8.39 EPS for the current year.

Hedge Funds Weigh In On Voya Financial

Several institutional investors have recently modified their holdings of the company. Voloridge Investment Management LLC bought a new position in shares of Voya Financial during the fourth quarter worth about $415,000. Worldquant Millennium Advisors LLC grew its position in shares of Voya Financial by 37.3% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 8,006 shares of the asset manager’s stock worth $551,000 after acquiring an additional 2,177 shares during the last quarter. Vident Advisory LLC bought a new position in shares of Voya Financial during the fourth quarter worth about $250,000. Twinbeech Capital LP bought a new position in shares of Voya Financial during the fourth quarter worth about $14,800,000. Finally, Two Sigma Advisers LP grew its position in shares of Voya Financial by 25.1% during the fourth quarter. Two Sigma Advisers LP now owns 133,700 shares of the asset manager’s stock worth $9,203,000 after acquiring an additional 26,800 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

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.