Voya Financial, Inc. (NYSE:VOYA) Stock Holdings Increased by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 277.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,898,785 shares of the asset manager’s stock after purchasing an additional 2,131,578 shares during the period. 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 large investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Voya Financial during the 4th quarter valued at $41,000. Venturi Wealth Management LLC boosted its position in Voya Financial by 45.0% during the fourth 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 last quarter. Blue Trust Inc. grew its stake in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 801 shares in the last quarter. Brooklyn Investment Group acquired a new position in Voya Financial in the 3rd quarter worth about $79,000. Finally, LRI Investments LLC raised its stake in shares of Voya Financial by 780.5% during the 3rd quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock worth $85,000 after purchasing an additional 921 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Price Performance

NYSE VOYA opened at $71.97 on Monday. The stock has a 50-day simple moving average of $70.10 and a 200 day simple moving average of $74.39. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. The stock has a market capitalization of $6.92 billion, a PE ratio of 11.76, a P/E/G ratio of 0.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 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%. Research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analyst Weigh In

A number of research firms recently commented on VOYA. Evercore ISI dropped their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, December 10th. Morgan Stanley dropped their price target on shares of Voya Financial from $78.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Piper Sandler lowered their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods reduced their price target on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $82.55.

Voya Financial Company 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.