Hsbc Holdings PLC grew its position in Voya Financial, Inc. (NYSE:VOYA – Free 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
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:VOYA – Get 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
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.
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