Fintel reports that on September 4, 2024, Barclays initiated coverage of Voya Financial (NYSE:VOYA) with a Overweight recommendation.
Analyst Price Forecast Suggests 17.21% Upside
As of August 26, 2024, the average one-year price target for Voya Financial is $83.30/share. The forecasts range from a low of $75.75 to a high of $95.55. The average price target represents an increase of 17.21% from its latest reported closing price of $71.07 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Voya Financial is 7,058MM, a decrease of 8.65%. The projected annual non-GAAP EPS is 9.13.
What is the Fund Sentiment?
There are 892 funds or institutions reporting positions in Voya Financial. This is an increase of 5 owner(s) or 0.56% in the last quarter. Average portfolio weight of all funds dedicated to VOYA is 0.22%, an increase of 0.45%. Total shares owned by institutions decreased in the last three months by 1.00% to 118,891K shares. 
The put/call ratio of VOYA is 0.37, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 7,382K shares representing 7.51% ownership of the company. In its prior filing, the firm reported owning 7,379K shares , representing an increase of 0.04%. The firm decreased its portfolio allocation in VOYA by 86.33% over the last quarter.
Franklin Resources holds 5,914K shares representing 6.01% ownership of the company. In its prior filing, the firm reported owning 5,915K shares , representing a decrease of 0.02%. The firm decreased its portfolio allocation in VOYA by 84.37% over the last quarter.
Bank of New York Mellon holds 4,989K shares representing 5.07% ownership of the company. In its prior filing, the firm reported owning 5,237K shares , representing a decrease of 4.98%. The firm decreased its portfolio allocation in VOYA by 90.07% over the last quarter.
VWNDX - Vanguard Windsor Fund Investor Shares holds 4,662K shares representing 4.74% ownership of the company. No change in the last quarter.
Pzena Investment Management holds 3,684K shares representing 3.75% ownership of the company. In its prior filing, the firm reported owning 3,781K shares , representing a decrease of 2.62%. The firm decreased its portfolio allocation in VOYA by 3.93% over the last quarter.
Voya Financial Background Information
(This description is provided by the company.)
Voya Financial, Inc. helps Americans plan, invest and protect their savings - to get ready to retire better. Serving the financial needs of approximately 14.8 million individual customers, workplace participants and institutions in the United States, Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020. The company had $700 billion in total assets under management and administration as of Dec. 31, 2020. With a clear mission to make a secure financial future possible - one person, one family, one institution at a time - Voya's vision is to be America's Retirement Company®. Certified as a 'Great Place to Work' by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World's Most Ethical Companies® by the Ethisphere Institute; as the No. 1-ranked financial services firm among Barron's 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender Equality Index; and as a 'Best Place to Work for Disability Inclusion' on the Disability Equality Index.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
