JPMorgan Chase & Co. Raises Voya Financial (NYSE:VOYA) Price Target to $105.00

Voya Financial (NYSE:VOYA) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $88.00 to $105.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 6.65% from the company’s current price.

VOYA has been the topic of a number of other research reports. UBS Group raised their price target on shares of Voya Financial from $95.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 10th. TD Cowen increased their target price on shares of Voya Financial from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Keefe, Bruyette & Woods raised their target price on Voya Financial from $92.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Atlantic Securities set a $79.00 target price on Voya Financial in a report on Wednesday, July 15th. Finally, Wells Fargo & Company boosted their price target on Voya Financial from $89.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and a consensus target price of $99.62.

Voya Financial Trading Up 0.2%

Shares of NYSE VOYA opened at $98.45 on Tuesday. The business has a 50 day simple moving average of $89.78 and a 200 day simple moving average of $79.21. Voya Financial has a 52 week low of $64.50 and a 52 week high of $103.85. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.90 and a beta of 0.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.24. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 earnings per share. On average, research analysts predict that Voya Financial will post 9.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of the company’s stock in a transaction 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 approximately $259,830. This represents a 58.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Atlas Capital Advisors Inc. bought a new position in shares of Voya Financial in the fourth quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in shares of Voya Financial in the fourth quarter worth about $33,000. Systematic Financial Management LP acquired a new position in shares of Voya Financial during the 4th quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Voya Financial by 625.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Company Profile

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.