Voya Financial (NYSE:VOYA) Given New $95.00 Price Target at UBS Group

Voya Financial (NYSE:VOYA) had its price objective boosted by analysts at UBS Group from $87.00 to $95.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. UBS Group’s price objective points to a potential upside of 16.43% from the stock’s current price.

A number of other brokerages have also issued reports on VOYA. Morgan Stanley decreased their price objective on Voya Financial from $93.00 to $86.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Weiss Ratings lowered Voya Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Royal Bank Of Canada increased their price target on Voya Financial from $85.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Keefe, Bruyette & Woods decreased their price target on Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Finally, Barclays decreased their price target on Voya Financial from $92.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.30.

Voya Financial Stock Performance

VOYA stock traded down $0.13 on Tuesday, reaching $81.60. The company’s stock had a trading volume of 75,427 shares, compared to its average volume of 1,086,040. Voya Financial has a 52 week low of $57.74 and a 52 week high of $83.25. The company has a market capitalization of $7.54 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 0.54 and a beta of 0.86. The firm has a fifty day moving average of $70.27 and a two-hundred day moving average of $72.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.27 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the company earned $1.40 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts predict that Voya Financial will post 9.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Voya Financial

A number of institutional investors and hedge funds have recently modified their holdings of VOYA. Verdad Advisers LP acquired a new stake in shares of Voya Financial during the 4th quarter valued at $148,980,000. Norges Bank acquired a new stake in shares of Voya Financial in the fourth quarter worth $83,106,000. Bank of New York Mellon Corp grew its holdings in shares of Voya Financial by 17.7% during the third quarter. Bank of New York Mellon Corp now owns 6,516,879 shares of the asset manager’s stock valued at $487,463,000 after buying an additional 977,870 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Voya Financial by 135.7% during the third quarter. Millennium Management LLC now owns 1,084,747 shares of the asset manager’s stock valued at $81,139,000 after buying an additional 624,436 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Voya Financial by 63.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,431,835 shares of the asset manager’s stock valued at $107,101,000 after buying an additional 553,675 shares in the last quarter. Institutional investors and hedge funds 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.