Voya Financial (NYSE:VOYA – Get Free Report)‘s stock had its “market perform” rating reissued by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Friday, Benzinga reports. They currently have a $108.00 price objective on the asset manager’s stock, down from their previous price objective of $110.00. Keefe, Bruyette & Woods’ price target suggests a potential upside of 11.76% from the stock’s current price.
Several other analysts have also recently issued reports on the stock. Weiss Ratings raised shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. UBS Group increased their target price on Voya Financial from $125.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday. Evercore reiterated an “outperform” rating and issued a $111.00 target price on shares of Voya Financial in a report on Friday, August 7th. Jefferies Financial Group boosted their price target on Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Finally, Royal Bank Of Canada upped their price target on Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.15.
View Our Latest Stock Report on Voya Financial
Voya Financial Price Performance
Voya Financial (NYSE:VOYA – Get Free Report) last issued its quarterly 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). The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the company posted $1.66 EPS. As a group, sell-side analysts expect that Voya Financial will post 9.26 EPS for the current year.
Hedge Funds Weigh In On Voya Financial
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Diversified Management Inc. purchased a new stake in Voya Financial during the 3rd quarter worth $710,000. GAMMA Investing LLC lifted its stake in shares of Voya Financial by 7.0% during the third quarter. GAMMA Investing LLC now owns 4,217 shares of the asset manager’s stock worth $398,000 after purchasing an additional 277 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Voya Financial by 8.4% in the third quarter. Farther Finance Advisors LLC now owns 1,863 shares of the asset manager’s stock worth $176,000 after buying an additional 144 shares during the period. Versant Capital Management Inc grew its stake in shares of Voya Financial by 29.6% in the third quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock valued at $66,000 after buying an additional 159 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Voya Financial by 9.8% in the second quarter. Sequoia Financial Advisors LLC now owns 7,078 shares of the asset manager’s stock valued at $641,000 after buying an additional 632 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.
About Voya Financial
Voya Financial, Inc is a financial services company that helps individuals, employers and institutions plan, invest and prepare for retirement. The company operates primarily in the United States and focuses on retirement plans, employee benefits and investment management.
Voya’s retirement business provides workplace retirement plans and related services, including plan administration, participant education and advice. Its employee benefits business offers products and services such as group life insurance, disability insurance, supplemental health benefits and health savings account solutions.
Through its investment management operations, Voya serves institutional and individual investors with investment strategies across public and private markets.
Featured Stories
- Five stocks we like better than Voya Financial
- Alphabet and Unity Level Up Game Development
- Applied Digital’s Hidden Moat Could Unlock Massive Upside
- Want Private-Market Access to Kalshi and Polymarket? Try This ETF
- Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.
