Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 56.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,276,669 shares of the asset manager's stock after selling 1,622,116 shares during the period. Impax Asset Management Group plc owned approximately 1.33% of Voya Financial worth $86,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in VOYA. Jones Financial Companies Lllp increased its holdings in shares of Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after acquiring an additional 327 shares during the last quarter. Quarry LP acquired a new stake in shares of Voya Financial in the fourth quarter worth approximately $37,000. Versant Capital Management Inc lifted its position in Voya Financial by 666.4% during the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after buying an additional 773 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Voya Financial by 36.9% during the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock worth $64,000 after buying an additional 256 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total transaction of $112,506.00. Following the sale, the director owned 355 shares in the company, valued at $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

VOYA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research report on Tuesday. Morgan Stanley reaffirmed an "overweight" rating and issued a $88.00 price target (up previously from $86.00) on shares of Voya Financial in a research note on Tuesday, June 24th. Barclays upped their price target on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday. UBS Group decreased their price target on Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $83.25.

Voya Financial Stock Performance

Shares of VOYA stock traded up $0.44 during trading hours on Tuesday, reaching $72.85. 881,868 shares of the company's stock were exchanged, compared to its average volume of 887,603. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a market cap of $7.01 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.64 and a beta of 1.00. The company's 50 day moving average is $67.46 and its two-hundred day moving average is $67.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.56. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $1.77 EPS. Voya Financial's quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Tuesday, May 27th. Voya Financial's dividend payout ratio (DPR) is presently 33.96%.

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.