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Voya Financial (NYSE:VOYA) Price Target Raised to $79.00

Voya Financial logo with Finance background

Voya Financial (NYSE:VOYA - Get Free Report) had its target price lifted by analysts at Wells Fargo & Company from $76.00 to $79.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the asset manager's stock. Wells Fargo & Company's price target indicates a potential upside of 9.77% from the stock's current price.

VOYA has been the topic of a number of other reports. Royal Bank of Canada decreased their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley lowered their price target on shares of Voya Financial from $78.00 to $76.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their target price on shares of Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Evercore ISI decreased 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. Finally, Piper Sandler decreased their price target on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Voya Financial has an average rating of "Moderate Buy" and an average target price of $82.55.

View Our Latest Report on VOYA

Voya Financial Stock Down 2.2 %

NYSE:VOYA traded down $1.59 during trading hours on Wednesday, hitting $71.97. 1,043,630 shares of the stock traded hands, compared to its average volume of 1,033,589. The firm has a 50 day moving average price of $70.10 and a 200 day moving average price of $74.26. The company has a current ratio of 0.30, a quick ratio of 0.31 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 has a market cap of $6.92 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.48 and a beta of 1.05.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Equities research analysts anticipate that Voya Financial will post 8.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after acquiring an additional 183 shares during the period. SRS Capital Advisors Inc. grew its holdings in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares during the period. Quarry LP acquired a new stake in Voya Financial in the fourth quarter worth $37,000. R Squared Ltd acquired a new position in shares of Voya Financial during the fourth quarter valued at about $41,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

About Voya Financial

(Get Free Report)

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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Analyst Recommendations for Voya Financial (NYSE:VOYA)

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