Impax Asset Management Group plc Grows Holdings in Voya Financial, Inc. (NYSE:VOYA)

Impax Asset Management Group plc increased its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 277.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,898,785 shares of the asset manager's stock after buying an additional 2,131,578 shares during the quarter. Impax Asset Management Group plc owned about 3.01% of Voya Financial worth $199,062,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Voya Financial during the fourth quarter worth about $41,000. Venturi Wealth Management LLC lifted its stake in shares of Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after purchasing an additional 201 shares during the period. Blue Trust Inc. grew its position in Voya Financial by 3,640.9% during the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock valued at $65,000 after buying an additional 801 shares during the period. Brooklyn Investment Group acquired a new stake in Voya Financial during the third quarter valued at $79,000. Finally, LRI Investments LLC increased its holdings in Voya Financial by 780.5% in the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager's stock valued at $85,000 after buying an additional 921 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VOYA. Piper Sandler dropped their target price on Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 18th. Morgan Stanley cut their price objective on Voya Financial from $78.00 to $76.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their target price on Voya Financial from $90.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Evercore ISI cut their price target on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, December 10th. Finally, Wells Fargo & Company upped their price objective on shares of Voya Financial from $76.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $82.55.

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Voya Financial Trading Up 1.1 %

Voya Financial stock traded up $0.74 during mid-day trading on Thursday, hitting $70.50. The company's stock had a trading volume of 666,127 shares, compared to its average volume of 879,982. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $6.78 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. The stock's fifty day moving average is $70.35 and its two-hundred day moving average is $74.40.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.55%. Voya Financial's dividend payout ratio is currently 29.41%.

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.