Voya Financial (NYSE:VOYA) Given New $82.00 Price Target at JPMorgan Chase & Co.

Voya Financial (NYSE:VOYAGet Free Report) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $87.00 to $82.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 19.97% from the company’s current price.

Several other research firms have also recently issued reports on VOYA. Wells Fargo & Company lowered their price objective on Voya Financial from $92.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Bank of America restated a “neutral” rating and set a $83.00 target price (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. UBS Group raised Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Raymond James downgraded Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Finally, Barclays dropped their target price on Voya Financial from $85.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, December 10th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.91.

Get Our Latest Stock Analysis on Voya Financial

Voya Financial Price Performance

Shares of Voya Financial stock opened at $68.35 on Tuesday. Voya Financial has a twelve month low of $63.11 and a twelve month high of $84.30. The firm has a market cap of $6.58 billion, a PE ratio of 10.88, 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 has a 50-day moving average price of $75.82 and a 200 day moving average price of $74.39.

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

Insider Buying and Selling

In related news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Voya Financial

Several institutional investors have recently bought and sold shares of VOYA. Retirement Systems of Alabama boosted its stake in shares of Voya Financial by 8.2% in the third quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager’s stock valued at $21,575,000 after purchasing an additional 20,750 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Voya Financial in the 3rd quarter valued at approximately $209,000. Coldstream Capital Management Inc. boosted its position in Voya Financial by 8.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,591 shares of the asset manager’s stock valued at $285,000 after buying an additional 270 shares during the period. Barclays PLC grew its stake in shares of Voya Financial by 48.2% in the third quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock worth $3,872,000 after acquiring an additional 15,902 shares in the last quarter. Finally, LRI Investments LLC increased its position in shares of Voya Financial by 780.5% during the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock worth $85,000 after acquiring an additional 921 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Company Profile

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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.

Further Reading

Analyst Recommendations for Voya Financial (NYSE:VOYA)

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