Voya Financial (NYSE:VOYA) Rating Reiterated by Piper Sandler

Voya Financial (NYSE:VOYA)‘s stock had its “overweight” rating reiterated by equities research analysts at Piper Sandler in a report released on Monday, Benzinga reports. They currently have a $84.00 target price on the asset manager’s stock. Piper Sandler’s target price would indicate a potential upside of 8.11% from the company’s previous close.

A number of other research firms have also commented on VOYA. Jefferies Financial Group increased their price target on Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Raymond James downgraded shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Wells Fargo & Company dropped their target price on shares of Voya Financial from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Bank of America increased their price target on Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Voya Financial from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and an average price target of $83.45.

Voya Financial Price Performance

VOYA stock opened at $77.70 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The company’s 50-day moving average is $70.78 and its 200-day moving average is $71.46. The stock has a market capitalization of $7.82 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.56 and a beta of 1.03. Voya Financial has a 1 year low of $63.02 and a 1 year high of $78.12.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the firm posted $2.31 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts expect that Voya Financial will post 8.45 EPS for the current fiscal year.

Institutional Trading of Voya Financial

A number of large investors have recently modified their holdings of the business. SYSTM Wealth Solutions LLC raised its holdings in shares of 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 buying an additional 149 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of Voya Financial in the 1st quarter valued at $43,000. Quarry LP bought a new position in shares of Voya Financial during the 2nd quarter valued at $61,000. Allspring Global Investments Holdings LLC raised its position in Voya Financial by 6,850.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock worth $62,000 after purchasing an additional 822 shares during the period. Finally, Mather Group LLC. bought a new stake in Voya Financial in the first quarter worth $85,000. Institutional investors own 96.10% of the company’s stock.

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.