Impax Asset Management Group plc Sells 157,631 Shares of Voya Financial, Inc. $VOYA

Impax Asset Management Group plc decreased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 46.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,379 shares of the asset manager’s stock after selling 157,631 shares during the period. Impax Asset Management Group plc’s holdings in Voya Financial were worth $13,642,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VOYA. Trail Ridge Investment Advisors LLC lifted its position in shares of Voya Financial by 2.0% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 8,317 shares of the asset manager’s stock worth $622,000 after purchasing an additional 166 shares during the last quarter. ProShare Advisors LLC increased its position in Voya Financial by 4.2% in the 2nd quarter. ProShare Advisors LLC now owns 4,269 shares of the asset manager’s stock worth $303,000 after buying an additional 171 shares during the period. Fifth Third Wealth Advisors LLC increased its position in Voya Financial by 4.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,520 shares of the asset manager’s stock worth $338,000 after buying an additional 201 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Voya Financial by 1.5% during the third quarter. Park Avenue Securities LLC now owns 14,677 shares of the asset manager’s stock worth $1,098,000 after buying an additional 215 shares during the last quarter. Finally, Ethic Inc. boosted its position in shares of Voya Financial by 2.3% in the second quarter. Ethic Inc. now owns 10,098 shares of the asset manager’s stock valued at $714,000 after acquiring an additional 223 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on VOYA. UBS Group set a $90.00 target price on shares of Voya Financial in a research report on Wednesday, February 4th. Keefe, Bruyette & Woods decreased their price target on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Wall Street Zen lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Wells Fargo & Company increased their target price on shares of Voya Financial from $80.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Finally, Barclays upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $83.00 to $93.00 in a research note on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

Voya Financial Price Performance

Shares of VOYA stock opened at $75.28 on Thursday. The stock’s fifty day simple moving average is $75.29 and its 200 day simple moving average is $74.01. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $79.99. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.52 and a beta of 0.89. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.36 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th will be given a $0.47 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.88 dividend on an annualized basis and a yield of 2.5%. Voya Financial’s payout ratio is 29.89%.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.