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

Impax Asset Management Group plc trimmed its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,050,863 shares of the asset manager's stock after selling 57,140 shares during the period. Impax Asset Management Group plc owned 1.01% of Voya Financial worth $76,671,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chilton Capital Management LLC purchased a new stake in shares of Voya Financial in the 4th quarter worth about $26,000. Atlas Capital Advisors LLC lifted its position in shares of Voya Financial by 48.4% in the 4th quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager's stock worth $26,000 after purchasing an additional 136 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of Voya Financial in the 3rd quarter worth about $33,000. Sunbelt Securities Inc. purchased a new stake in shares of Voya Financial in the 1st quarter worth about $35,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Voya Financial in the 1st quarter worth about $36,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Up 0.3 %

NYSE:VOYA traded up $0.22 on Tuesday, reaching $71.27. 1,012,791 shares of the stock traded hands, compared to its average volume of 908,341. The company's fifty day simple moving average is $70.13 and its 200 day simple moving average is $70.11. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $77.78. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.42 and a beta of 1.06. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.55.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.02. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. The firm had revenue of $236.00 million during the quarter, compared to analyst estimates of $304.66 million. Equities analysts predict that Voya Financial, Inc. will post 8.42 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Monday, February 26th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. Voya Financial's dividend payout ratio is currently 29.47%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Voya Financial from $85.00 to $83.00 and set an "outperform" rating for the company in a research report on Thursday, February 8th. Morgan Stanley lowered their price target on shares of Voya Financial from $79.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday, March 1st. The Goldman Sachs Group reissued a "neutral" rating and set a $82.00 price target on shares of Voya Financial in a research report on Monday, January 8th. Piper Sandler lifted their price target on shares of Voya Financial from $78.00 to $86.00 and gave the company an "overweight" rating in a research report on Friday. Finally, StockNews.com raised shares of Voya Financial from a "sell" rating to a "hold" rating in a research report on Saturday, December 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $82.11.

About Voya Financial

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.

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