Voya Financial (NYSE: VOYA), which had received a “hold” recommendation, was given a “sell” rating by analysts working for StockNews.com, and this information was included in a research note that was distributed to investors on Monday.
VOYA has, in recent times, received feedback from a wide variety of other brokerages. On Thursday, November 3, Wells Fargo & Company raised its price target on Voya Financial shares from $75.00 to $80.00. The new price target has been announced. In a research note published on September 21, Raymond James initiated coverage of Voya Financial shares. They suggested a “strong buy” for the stock and set a price target of $84 per share for the company. In a research report released Thursday, October 13, Piper Sandler raised her price target on Voya Financial shares to $74.00. This increase has been included in the report. Morgan Stanley raised its rating on Voya Financial shares from “underweight” to “overweight” and raised its price target on the company from $76.00 to $78.00. This information was presented in a research report that came out on November 2 and can be found here. Citigroup cut its price target on Voya Financial shares from $83.00 to $82.00 in a report released Wednesday, November 16. This represents a decrease of $1 from the previous price target. There was one analyst who rated the stock as a “sell”, two analysts who rated it as a “hold”, eight analysts who rated it as a “buy” and one analyst who rated it as a “Strong Buy.” According to the most recent market consensus, the stock has an average rating of “moderate buy” and a target price of $79.42. Statistics offered by Bloomberg were used to compile these figures, which were then analyzed.
The price of a share of Voya Financial fell $0.47 throughout the day on Monday, bringing the stock price down to $59.18. The average daily volume of shares traded by the company is 1,227,687, which is significantly lower than the number of shares that changed hands today, which was 1,082,055. employment in government is called “independent”, and that is the meaning of the word. The company’s market cap is $3.31 billion, its PEG ratio is 3.31, its PE ratio is 9.88, and its beta value is 1.15; the total enterprise value is $5.75 billion based on these metrics. Voya Financial hit an all-time low of $56.20 the previous year, while the company hit an all-time high of $74.97 in the same period.
According to other reports, on October 21, company insider Michael S. Smith sold 8,342 shares of the company. This information relates to Voya Financial and has been published elsewhere in the news. The total cost of the transaction was $524,628.38, which corresponds to an average price of $62.89 per share when applied to the acquisition of the shares. Following completion of the transaction, the company insider now owns 196,752 shares, which have a combined value of $12,373,733.28. The transaction was described in a document distributed by the SEC and can be viewed on the organization’s website. Michael S. Smith, an executive, considered an insider, sold 8,342 shares of the company on Friday, October 21. of $62.89 per share when applied to the acquisition of the shares. There is currently one insider who owns 196,752 shares of the company. Based on the current stock price, these shares are valued at approximately $12,373,733.28. You will be redirected to a legal filing filed with the SEC if you click on the link we have provided, where you will find additional information regarding the sale. Additionally, on November 7, insider Nancy Ferrara sold 10,000 of her shares in the company. This transaction has taken place. The transaction resulted in a total value of $680,000.00 due to the sale of the shares at an average price of $68.00 per share. Following the successful completion of the transaction, the insider of the company now directly owns 9,878 shares of the company, the total value of which is approximately $671,704. Disclosures related to the sale can be found in this section of the website. During the last fiscal quarter, insiders of the company sold 19,814 shares of the company, generating total proceeds from the sale of these shares of $1,302,045. 1.44% of the company’s total number of shares are held by people working within the company.
The functions that hedge funds fulfill in the industry have undergone recent changes. During the third quarter, Bank of New York Mellon Corporation added 5.8 percentage points to the amount of Voya Financial it holds, bringing its total to 100%. The Bank of New York Mellon Corp. now owns 6,285,547 shares of the asset manager after purchasing an additional 345,161 shares. The stock is currently valued at $380,275,000. During the third quarter, Invest LLC acquired an additional 5.4% of Voya Financial, bringing its total ownership percentage to 100%. After making an additional purchase of 411 shares during the quarter, Invst LLC owns 8,030 shares of the asset manager. Given the company’s current stock price, this gives a total market value of $514,000 for the company. During the third quarter of 2018, the Teachers Retirement System of Kentucky provided Voya Financial with an investment of $1,062,000. This investment was made possible by the Teachers Retirement System of Kentucky. The staggering increase occurred during the third quarter when Central Trust Company increased the percentage of Voya Financial it owns to 234.0%. The Central Trust Company now owns 1,770 shares of the asset manager, valued at $107,000, thanks to the fact that it made an additional purchase of 1,240 of those shares during the period in question.
Finally, during the third quarter, BNP Paribas Arbitrage SNC increased its stake in Voya Financial by 68.6%. This is not the only significant change that has occurred during this period. After carrying out additional transactions totaling 82,958 shares during the last period, BNP Paribas Arbitrage SNC now holds 203,915 shares of the capital of the asset manager. These shares have a value of $12,337,000 each.
Voya Financial, Inc. is a United States-based company specializing in retirement planning, employee benefits and investment management. Wealth Solutions is a corporate division that provides administrative services for employer-sponsored tax-deferred retirement savings plans, Individual Retirement Accounts (IRAs), and other retail financial products and services. In addition to these services, Wealth Solutions offers assistance in the areas of financial planning as well as advice.