Voya Financial (NYSE:VOYA) was upgraded by equities researchers at Evercore ISI to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $60.00 price objective on the asset manager’s stock. Evercore ISI’s price target would indicate a potential upside of 18.79% from the company’s current price.
Other research analysts also recently issued reports about the stock. BidaskClub raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $46.00 target price on shares of Voya Financial in a research report on Wednesday, September 6th. Wells Fargo & Co reissued a “buy” rating and issued a $58.00 target price on shares of Voya Financial in a research report on Friday, December 22nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $55.00 target price on shares of Voya Financial in a research report on Thursday, December 21st. Finally, Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $50.36.
Voya Financial (NYSE VOYA) traded down $0.53 during midday trading on Wednesday, hitting $50.51. 1,725,400 shares of the company were exchanged, compared to its average volume of 1,559,591. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14. Voya Financial has a twelve month low of $33.53 and a twelve month high of $52.48. The company has a market cap of $9,170.00, a P/E ratio of -28.38, a P/E/G ratio of 0.94 and a beta of 1.65.
Hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC lifted its stake in shares of Voya Financial by 0.9% in the second quarter. Lazard Asset Management LLC now owns 20,291 shares of the asset manager’s stock worth $748,000 after buying an additional 176 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Voya Financial by 7.9% in the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after buying an additional 199 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Voya Financial by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock worth $276,000 after buying an additional 321 shares during the last quarter. BKS Advisors LLC lifted its stake in shares of Voya Financial by 2.9% in the second quarter. BKS Advisors LLC now owns 14,265 shares of the asset manager’s stock worth $526,000 after buying an additional 400 shares during the last quarter. Finally, Employees Retirement System of Texas lifted its stake in shares of Voya Financial by 0.4% in the second quarter. Employees Retirement System of Texas now owns 229,000 shares of the asset manager’s stock worth $8,448,000 after buying an additional 1,000 shares during the last quarter. 96.79% of the stock is owned by institutional investors.
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Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
