Impax Asset Management Group plc Has $60.78 Million Holdings in Voya Financial, Inc. (NYSE:VOYA)

Impax Asset Management Group plc cut its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 767,207 shares of the asset manager's stock after selling 63,752 shares during the quarter. Impax Asset Management Group plc owned 0.78% of Voya Financial worth $60,778,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Voya Financial during the third quarter worth about $29,000. UMB Bank n.a. raised its holdings in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock worth $35,000 after purchasing an additional 239 shares in the last quarter. Quarry LP bought a new stake in shares of Voya Financial in the 2nd quarter worth approximately $61,000. Allspring Global Investments Holdings LLC lifted its stake in Voya Financial by 6,850.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager's stock valued at $62,000 after purchasing an additional 822 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Voya Financial by 3,640.9% during the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock worth $65,000 after buying an additional 801 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

Analyst Ratings Changes

VOYA has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating for the company in a research report on Monday, August 19th. Royal Bank of Canada upped their target price on Voya Financial from $83.00 to $90.00 and gave the company an "outperform" rating in a report on Friday, October 11th. Piper Sandler lifted their price target on Voya Financial from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. cut shares of Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 target price for the company. in a report on Thursday, October 3rd. Finally, Wells Fargo & Company upped their price target on shares of Voya Financial from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.27.

Voya Financial Stock Down 5.1 %

Shares of Voya Financial stock traded down $4.02 on Tuesday, hitting $74.98. 2,032,269 shares of the company traded hands, compared to its average volume of 818,203. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $83.93. The company has a 50-day moving average price of $77.30 and a 200 day moving average price of $73.42. The company has a market cap of $7.37 billion, a PE ratio of 10.41, a PEG ratio of 0.56 and a beta of 1.03.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The business's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 EPS. Sell-side analysts predict that Voya Financial, Inc. will post 8.28 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Tuesday, November 26th. Voya Financial's dividend payout ratio (DPR) is presently 23.72%.

Voya Financial Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.