Impax Asset Management Group plc Has $13.64 Million Stock Position in Voya Financial, Inc. $VOYA

Impax Asset Management Group plc reduced its position in Voya Financial, Inc. (NYSE:VOYA) by 46.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,379 shares of the asset manager’s stock after selling 157,631 shares during the period. Impax Asset Management Group plc owned about 0.19% of Voya Financial worth $13,642,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in Voya Financial during the 3rd quarter worth approximately $26,000. IFP Advisors Inc boosted its position in shares of Voya Financial by 225.6% in the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock worth $31,000 after buying an additional 300 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Voya Financial by 149.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock valued at $34,000 after buying an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after buying an additional 475 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Down 2.5%

Shares of NYSE:VOYA opened at $75.28 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.16 billion, a PE ratio of 11.97, a P/E/G ratio of 0.52 and a beta of 0.89. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $79.99. The firm has a fifty day moving average price of $75.29 and a 200 day moving average price of $74.01.

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

Voya Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

VOYA has been the topic of several research analyst reports. Royal Bank Of Canada lifted their target price on Voya Financial from $85.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley restated an “overweight” rating on shares of Voya Financial in a report on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their price objective on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Wells Fargo & Company increased their target price on shares of Voya Financial from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen cut shares of Voya Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.78.

Voya Financial Profile

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.