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

Hsbc Holdings PLC grew its position in Voya Financial, Inc. (NYSE:VOYAFree Report) by 124.7% during the 4th quarter, HoldingsChannel reports. The firm owned 121,267 shares of the asset manager’s stock after purchasing 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOYA. Allworth Financial LP grew its holdings in shares of Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after buying an additional 151 shares during the period. Four Tree Island Advisory LLC raised its stake in Voya Financial by 0.5% during the 4th quarter. Four Tree Island Advisory LLC now owns 32,532 shares of the asset manager’s stock worth $2,423,000 after buying an additional 174 shares during the period. GAMMA Investing LLC raised its stake in Voya Financial by 7.8% during the 4th quarter. GAMMA Investing LLC now owns 2,976 shares of the asset manager’s stock worth $222,000 after buying an additional 216 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Voya Financial by 56.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 612 shares of the asset manager’s stock worth $46,000 after acquiring an additional 222 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after acquiring an additional 223 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on VOYA. Barclays boosted their target price on Voya Financial from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday. Raymond James Financial upgraded Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective on the stock in a report on Monday, June 8th. TD Cowen boosted their price objective on Voya Financial from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Weiss Ratings raised Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Finally, Keefe, Bruyette & Woods lowered their target price on Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and an average price target of $94.27.

Check Out Our Latest Report on Voya Financial

Voya Financial Price Performance

Shares of NYSE VOYA opened at $96.10 on Thursday. The company has a fifty day moving average price of $86.32 and a 200 day moving average price of $77.57. The firm has a market cap of $8.71 billion, a PE ratio of 14.52, a PEG ratio of 0.87 and a beta of 0.91. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $97.90.

Voya Financial (NYSE:VOYAGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.24. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $2.00 EPS. Research analysts predict that Voya Financial, Inc. will post 9.64 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Voya Financial’s dividend payout ratio (DPR) is currently 28.40%.

Voya Financial Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding VOYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Voya Financial, Inc. (NYSE:VOYAFree Report).

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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