Fintel reports that on May 15, 2023, Wells Fargo maintained coverage of Voya Financial (NYSE:VOYA) with a Overweight recommendation.
Analyst Price Forecast Suggests 24.26% Upside
As of May 11, 2023, the average one-year price target for Voya Financial is 85.24. The forecasts range from a low of 71.71 to a high of $94.50. The average price target represents an increase of 24.26% from its latest reported closing price of 68.60.
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The projected annual revenue for Voya Financial is 6,704MM, an increase of 7.25%. The projected annual non-GAAP EPS is 7.97.
What is the Fund Sentiment?
There are 932 funds or institutions reporting positions in Voya Financial. This is an increase of 18 owner(s) or 1.97% in the last quarter. Average portfolio weight of all funds dedicated to VOYA is 0.27%, an increase of 2.07%. Total shares owned by institutions increased in the last three months by 1.81% to 141,052K shares. 
The put/call ratio of VOYA is 1.45, indicating a bearish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 7,951K shares representing 8.09% ownership of the company. In it's prior filing, the firm reported owning 6,853K shares, representing an increase of 13.80%. The firm decreased its portfolio allocation in VOYA by 81.19% over the last quarter.
Franklin Resources holds 6,358K shares representing 6.47% ownership of the company. In it's prior filing, the firm reported owning 7,723K shares, representing a decrease of 21.47%. The firm decreased its portfolio allocation in VOYA by 79.51% over the last quarter.
Bank of New York Mellon holds 6,277K shares representing 6.39% ownership of the company. In it's prior filing, the firm reported owning 4,871K shares, representing an increase of 22.40%. The firm decreased its portfolio allocation in VOYA by 83.49% over the last quarter.
Ameriprise Financial holds 4,858K shares representing 4.94% ownership of the company. In it's prior filing, the firm reported owning 4,981K shares, representing a decrease of 2.53%. The firm increased its portfolio allocation in VOYA by 8.44% over the last quarter.
VWNDX - Vanguard Windsor Fund Investor Shares holds 4,853K shares representing 4.94% ownership of the company. In it's prior filing, the firm reported owning 4,921K shares, representing a decrease of 1.41%. The firm decreased its portfolio allocation in VOYA by 6.43% 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.
This story originally appeared on Fintel.
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