Hsbc Holdings PLC Buys 67,300 Shares of Voya Financial, Inc. $VOYA

Hsbc Holdings PLC increased its stake in Voya Financial, Inc. (NYSE:VOYA) by 124.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 121,267 shares of the asset manager’s stock after acquiring an additional 67,300 shares during the quarter. Hsbc Holdings PLC’s holdings in Voya Financial were worth $9,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP raised its position in Voya Financial by 21.1% during the 3rd quarter. Hudson Bay Capital Management LP now owns 151,462 shares of the asset manager’s stock valued at $11,329,000 after purchasing an additional 26,346 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Voya Financial by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,431,802 shares of the asset manager’s stock worth $181,901,000 after buying an additional 43,513 shares during the period. Cadence Bank grew its position in shares of Voya Financial by 59.9% during the 3rd quarter. Cadence Bank now owns 49,299 shares of the asset manager’s stock worth $3,688,000 after buying an additional 18,462 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of Voya Financial by 11.4% during the 4th quarter. Impax Asset Management Group plc now owns 203,101 shares of the asset manager’s stock worth $15,129,000 after buying an additional 20,722 shares in the last quarter. Finally, Prana Capital Management LP purchased a new position in shares of Voya Financial during the third quarter valued at $2,454,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

VOYA opened at $91.02 on Friday. The firm has a market capitalization of $8.25 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.81 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. The business’s 50-day moving average is $83.58 and its two-hundred day moving average is $76.39. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $93.05.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm posted $2.00 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Research analysts anticipate that Voya Financial, Inc. will post 9.6 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Tuesday, May 26th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.1%. Voya Financial’s dividend payout ratio is presently 28.40%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Keefe, Bruyette & Woods dropped their target price on shares of Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Royal Bank Of Canada raised their target price on shares of Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Raymond James Financial upgraded shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price target for the company in a report on Monday, June 8th. Finally, Bank of America dropped their price objective on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.73.

Insider Buying and Selling

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the sale, the insider directly owned 2,887 shares in the company, valued at $259,830. This trade represents a 58.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by insiders.

Voya Financial Company 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.