Impax Asset Management Group plc Has $199.06 Million Stake in Voya Financial, Inc. (NYSE:VOYA)

Impax Asset Management Group plc boosted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 277.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,898,785 shares of the asset manager’s stock after buying an additional 2,131,578 shares during the period. Impax Asset Management Group plc’s holdings in Voya Financial were worth $199,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd bought a new position in shares of Voya Financial during the 4th quarter worth about $3,485,000. Wealthspire Advisors LLC raised its position in Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after purchasing an additional 148 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Voya Financial by 7.1% during the fourth quarter. Handelsbanken Fonder AB now owns 25,700 shares of the asset manager’s stock worth $1,769,000 after purchasing an additional 1,700 shares during the period. Venturi Wealth Management LLC boosted its holdings 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 in the last quarter. Finally, Truist Financial Corp boosted its holdings in Voya Financial by 1.9% during the fourth quarter. Truist Financial Corp now owns 69,417 shares of the asset manager’s stock valued at $4,778,000 after purchasing an additional 1,301 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of VOYA stock opened at $71.97 on Monday. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $70.10 and its 200-day moving average is $74.39. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.48 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Sell-side analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on VOYA. Morgan Stanley decreased their price target on 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. Bank of America reissued a “neutral” rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Keefe, Bruyette & Woods lowered their target price on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Piper Sandler cut their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Finally, Wells Fargo & Company upped their price objective on shares of Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.55.

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.