Wells Fargo & Company Reiterates Equal Weight Rating for Voya Financial (NYSE:VOYA)

Voya Financial (NYSE:VOYA - Get Free Report)'s stock had its "equal weight" rating reaffirmed by Wells Fargo & Company in a report released on Tuesday, Marketbeat.com reports. They presently have a $76.00 target price on the asset manager's stock, down from their previous target price of $87.00. Wells Fargo & Company's price target would suggest a potential upside of 11.32% from the company's current price.

Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. UBS Group raised Voya Financial to a "strong-buy" rating in a report on Monday, November 11th. Bank of America reaffirmed a "neutral" rating and set a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Barclays decreased their price objective on shares of Voya Financial from $85.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Voya Financial from $92.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Voya Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.73.

Voya Financial Stock Up 1.2 %

Shares of NYSE:VOYA traded up $0.79 during midday trading on Tuesday, reaching $68.27. The company had a trading volume of 529,249 shares, compared to its average volume of 604,156. Voya Financial has a 1-year low of $63.11 and a 1-year high of $84.30. The stock has a market cap of $6.57 billion, a PE ratio of 10.87, a P/E/G ratio of 0.54 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The business's 50 day moving average price is $75.08 and its 200 day moving average price is $74.28.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The business's revenue was up 7.3% compared to the same quarter last year. Research analysts forecast that Voya Financial will post 8.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Institutional Trading of Voya Financial

A number of institutional investors and hedge funds have recently made changes to their positions in VOYA. FMR LLC raised its position in Voya Financial by 25.9% during the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock valued at $228,474,000 after purchasing an additional 592,523 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Voya Financial by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock valued at $212,152,000 after purchasing an additional 38,438 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Voya Financial by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager's stock worth $146,234,000 after buying an additional 248,795 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Voya Financial by 29.6% during the 2nd quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager's stock worth $46,376,000 after buying an additional 148,810 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Voya Financial by 7.2% in the second quarter. Thrivent Financial for Lutherans now owns 562,355 shares of the asset manager's stock valued at $40,011,000 after buying an additional 37,760 shares in 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.