Voya Financial (NYSE:VOYA) Rating Increased to Overweight at Barclays

Voya Financial (NYSE:VOYA) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $93.00 price objective on the asset manager’s stock. Barclays‘s price objective points to a potential upside of 20.30% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Wells Fargo & Company decreased their price target on shares of Voya Financial from $83.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $93.00 price objective on shares of Voya Financial in a research note on Monday, December 15th. Royal Bank Of Canada decreased their price objective on shares of Voya Financial from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Finally, Keefe, Bruyette & Woods decreased their target price on Voya Financial from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.67.

Voya Financial Price Performance

Shares of VOYA opened at $77.31 on Thursday. The business has a 50-day simple moving average of $72.74 and a two-hundred day simple moving average of $73.25. The stock has a market cap of $7.36 billion, a PE ratio of 13.28, a PEG ratio of 0.48 and a beta of 0.90. Voya Financial has a 12-month low of $52.43 and a 12-month high of $78.35. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.42.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Analysts anticipate that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Voya Financial

Several institutional investors have recently made changes to their positions in VOYA. Root Financial Partners LLC bought a new stake in Voya Financial during the third quarter valued at approximately $26,000. Allworth Financial LP boosted its stake in shares of Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after acquiring an additional 151 shares during the last quarter. IFP Advisors Inc grew its position in shares of Voya Financial by 225.6% during the 2nd quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 300 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Voya Financial by 149.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock worth $34,000 after purchasing an additional 288 shares in the last quarter. Finally, Rothschild Investment LLC raised its holdings in Voya Financial by 5,180.0% in the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after purchasing an additional 518 shares during the period. Institutional investors own 96.10% of the company’s stock.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.