Voya Financial (NYSE:VOYA – Get Free Report) had its target price upped by equities researchers at Jefferies Financial Group from $76.00 to $79.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the asset manager’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 10.68% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Piper Sandler upped their price objective on shares of Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Wells Fargo & Company upped their price objective on shares of Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Evercore ISI boosted their target price on shares of Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley reduced their target price on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and an average target price of $83.89.
View Our Latest Report on Voya Financial
Voya Financial Stock Up 0.1 %
Voya Financial (NYSE:VOYA – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.30. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.80 billion. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $1.69 earnings per share. Equities research analysts predict that Voya Financial will post 8.53 earnings per share for the current year.
Insiders Place Their Bets
In other Voya Financial news, Director Yvette S. Butler sold 2,165 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.78, for a total transaction of $159,733.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in VOYA. Chilton Capital Management LLC acquired a new position in shares of Voya Financial in the fourth quarter valued at approximately $26,000. SYSTM Wealth Solutions LLC increased its position in Voya Financial by 56.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 149 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in Voya Financial during the 1st quarter valued at approximately $43,000. Venturi Wealth Management LLC increased its position in Voya Financial by 213.2% during the 1st quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager’s stock valued at $44,000 after purchasing an additional 405 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Voya Financial during the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds 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.
See Also
- Five stocks we like better than Voya Financial
- The Role Economic Reports Play in a Successful Investment Strategy
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.