Several brokerages recently reviewed Voya Financial (NYSE:VOYA). Royal Bank of Canada maintained its “outperform” rating with an $83 price target. JPMorgan Chase downgraded Voya from “overweight” to “neutral,” setting an $87 target. Barclays raised its target from $84 to $85 and kept an “overweight” rating. Raymond James downgraded it from “strong-buy” to “market perform.” Evercore ISI updated its target from $79 to $82 with an “outperform” rating. Overall, there are six “hold” ratings and seven “buy” ratings, resulting in a consensus “Moderate Buy” and an average target price of $84.18.
View Our Latest Analysis on VOYA
Voya Financial Stock Performance
On Thursday, VOYA shares climbed $0.19 to $79.42, with 86,546 traded shares versus an average of 818,428. The stock has a 50-day moving average of $72.15 and a 200-day average of $72.09. Its 12-month low and high are $63.02 and $80.16, respectively. Voya has a market cap of $8 billion, a P/E ratio of 11.28, and a PEG ratio of 0.59.
In the last earnings report on July 30, Voya posted $2.27 EPS, exceeding estimates of $2.14. Its revenue was $2.03 billion, beating predictions of $1.87 billion. EPS last year was $2.31. Analysts expect Voya to report 8.4 EPS for this fiscal year.
Institutional Investors’ Activity
Recently, large investors have changed their holdings in Voya. Gillson Capital purchased $11.1 million in shares. FORA Capital increased its stake by 94.1%, now owning 28,175 shares valued at $2.08 million. Empowered Funds raised its position by 149.4%. Capstone Investment Advisors increased its stake by 348.4%, owning 17,993 shares now valued at $1.33 million. M&G Plc grew its position by 18.6%. Institutional investors currently hold 96.1% of the stock.
Voya Financial Company Overview
Voya Financial, Inc. provides workplace benefits and savings products in the U.S. and globally, operating in three segments: Wealth Solutions, Health Solutions, and Investment Management. Wealth Solutions includes retirement products, recordkeeping, and services to enhance employees’ financial well-being.
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