Impax Asset Management Group plc Sells 1,622,116 Shares of Voya Financial, Inc. (NYSE:VOYA)

Impax Asset Management Group plc decreased its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 56.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,276,669 shares of the asset manager's stock after selling 1,622,116 shares during the quarter. Impax Asset Management Group plc owned about 1.33% of Voya Financial worth $86,007,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in Voya Financial by 142.9% during the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock worth $91,000 after buying an additional 790 shares in the last quarter. Vident Advisory LLC acquired a new stake in Voya Financial during the fourth quarter worth approximately $250,000. Victory Capital Management Inc. grew its position in Voya Financial by 3.6% during the fourth quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock worth $22,561,000 after buying an additional 11,336 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in Voya Financial during the fourth quarter worth approximately $67,214,000. Finally, Amundi grew its position in Voya Financial by 19.2% during the fourth quarter. Amundi now owns 237,070 shares of the asset manager's stock worth $16,206,000 after buying an additional 38,169 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Stock Performance

Shares of NYSE:VOYA traded up $0.21 during mid-day trading on Friday, reaching $72.90. The company had a trading volume of 541,159 shares, compared to its average volume of 885,097. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.66 and a beta of 1.00. The company's 50-day moving average price is $66.95 and its 200-day moving average price is $67.13. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30.

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 analysts' consensus estimates of $1.59 by $0.56. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. Voya Financial's revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 EPS. As a group, 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. Investors of record on Tuesday, May 27th were given a $0.45 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $1.80 annualized dividend and a yield of 2.47%. Voya Financial's dividend payout ratio (DPR) is presently 33.96%.

Analyst Ratings Changes

VOYA has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their target price on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Barclays set a $70.00 price target on Voya Financial in a report on Wednesday, May 7th. Keefe, Bruyette & Woods increased their price target on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, Bank of America restated an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Voya Financial presently has a consensus rating of "Hold" and a consensus target price of $82.08.

Insider Transactions at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director directly owned 355 shares in the company, valued at approximately $23,493.90. The trade was a 82.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.99% of the company's stock.

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.