Voya Financial (NYSE:VOYA) has been assigned a $58.00 price objective by equities research analysts at Wells Fargo & Co in a note issued to investors on Thursday. The firm presently has a “buy” rating on the asset manager’s stock. Wells Fargo & Co’s price objective would suggest a potential upside of 15.70% from the company’s current price.
A number of other analysts have also recently issued reports on VOYA. Royal Bank of Canada reissued a “buy” rating and issued a $46.00 price objective on shares of Voya Financial in a research note on Wednesday, September 6th. BidaskClub raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Goldman Sachs Group began coverage on shares of Voya Financial in a research note on Wednesday, October 18th. They set a “buy” rating and a $46.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $51.00 target price on shares of Voya Financial in a research note on Friday, November 10th. Finally, Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $50.36.
Shares of Voya Financial (VOYA) opened at $50.13 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market cap of $9,170.00, a price-to-earnings ratio of -28.16, a PEG ratio of 0.94 and a beta of 1.65. Voya Financial has a 52 week low of $33.53 and a 52 week high of $52.48.
A number of institutional investors and hedge funds have recently bought and sold shares of VOYA. SG Americas Securities LLC bought a new position in Voya Financial during the second quarter valued at $761,000. Marshall Wace North America L.P. lifted its position in Voya Financial by 387.0% during the second quarter. Marshall Wace North America L.P. now owns 54,242 shares of the asset manager’s stock valued at $2,007,000 after purchasing an additional 43,105 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Voya Financial by 8.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 238,126 shares of the asset manager’s stock valued at $8,784,000 after purchasing an additional 19,240 shares during the last quarter. Andra AP fonden lifted its position in Voya Financial by 11.9% during the second quarter. Andra AP fonden now owns 90,400 shares of the asset manager’s stock valued at $3,335,000 after purchasing an additional 9,600 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Voya Financial by 19.2% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,943 shares of the asset manager’s stock valued at $2,211,000 after purchasing an additional 9,641 shares during the last quarter. 96.79% of the stock is owned by institutional investors.
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.
