Voya Financial (NYSE:VOYA) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

VOYA has been the subject of a number of other reports. SunTrust Banks boosted their target price on shares of Voya Financial to $58.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Morgan Stanley set a $63.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a report on Friday, September 13th. Citigroup reduced their price target on shares of Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. ValuEngine upgraded shares of Voya Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, UBS Group boosted their price objective on shares of Voya Financial from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Voya Financial has a consensus rating of “Hold” and a consensus price target of $59.88.

Shares of VOYA stock opened at $57.76 on Friday. Voya Financial has a 52-week low of $36.66 and a 52-week high of $59.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $7.86 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.53 and a beta of 1.51. The stock has a 50 day moving average price of $56.00 and a 200 day moving average price of $54.06.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, November 5th. The asset manager reported $1.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.04). The business had revenue of $187.00 million during the quarter, compared to the consensus estimate of $301.05 million. Voya Financial had a net margin of 5.77% and a return on equity of 7.82%. During the same period last year, the company earned $1.34 EPS. As a group, sell-side analysts forecast that Voya Financial will post 5.43 EPS for the current year.

In other Voya Financial news, CEO Rodney O. Martin, Jr. sold 129,684 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $57.86, for a total value of $7,503,516.24. Following the completion of the sale, the chief executive officer now directly owns 159,373 shares in the company, valued at approximately $9,221,321.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.69% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its holdings in shares of Voya Financial by 3.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,622 shares of the asset manager’s stock valued at $1,085,000 after acquiring an additional 679 shares during the period. Strs Ohio boosted its position in Voya Financial by 18.7% during the second quarter. Strs Ohio now owns 11,180 shares of the asset manager’s stock valued at $618,000 after purchasing an additional 1,759 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in Voya Financial by 6.0% in the second quarter. Wetherby Asset Management Inc. now owns 7,091 shares of the asset manager’s stock valued at $392,000 after purchasing an additional 400 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in Voya Financial by 0.3% in the second quarter. Virginia Retirement Systems ET AL now owns 116,900 shares of the asset manager’s stock valued at $6,465,000 after purchasing an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Voya Financial by 477.6% in the second quarter. SG Americas Securities LLC now owns 52,229 shares of the asset manager’s stock worth $2,888,000 after purchasing an additional 43,187 shares in the last quarter.

Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.

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Analyst Recommendations for Voya Financial (NYSE:VOYA)

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