Voya Financial (NYSE:VOYA) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Voya Financial (NYSE:VOYA) had its target price lifted by equities researchers at Keefe, Bruyette & Woods from $109.00 to $110.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 9.56% from the company’s previous close.

Several other analysts also recently commented on VOYA. JPMorgan Chase & Co. increased their price objective on shares of Voya Financial from $88.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Barclays lifted their target price on shares of Voya Financial from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Raymond James Financial upgraded shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a report on Monday, June 8th. Morgan Stanley boosted their price objective on shares of Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, Royal Bank Of Canada upped their price objective on Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and a consensus price target of $102.23.

Voya Financial Price Performance

VOYA opened at $100.40 on Tuesday. Voya Financial has a 12-month low of $64.50 and a 12-month high of $103.85. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 0.96 and a beta of 0.89. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $94.52 and a two-hundred day simple moving average of $81.31.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the firm posted $1.66 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. Research analysts predict that Voya Financial will post 9.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the sale, the insider directly owned 2,887 shares of the company’s stock, valued at $259,830. This trade represents a 58.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by company insiders.

Institutional Trading of Voya Financial

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Voya Financial during the 2nd quarter valued at approximately $850,187,000. Bank of New York Mellon Corp bought a new stake in Voya Financial in the second quarter worth $520,280,000. Pzena Investment Management LLC purchased a new position in Voya Financial during the second quarter worth $319,539,000. Verdad Advisers LP bought a new position in Voya Financial during the fourth quarter valued at $148,980,000. Finally, Norges Bank bought a new position in Voya Financial during the fourth quarter valued at $83,106,000. 96.10% of the stock is currently owned by institutional investors.

About Voya Financial

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.