Hsbc Holdings PLC decreased its holdings in Voya Financial, Inc. (NYSE:VOYA – Free Report) by 24.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,243 shares of the asset manager’s stock after selling 30,024 shares during the quarter. Hsbc Holdings PLC’s holdings in Voya Financial were worth $6,253,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VOYA. Royal Bank of Canada lifted its stake in Voya Financial by 21.7% during the first quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock worth $5,741,000 after purchasing an additional 15,091 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Voya Financial by 8.4% during the first quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock valued at $44,861,000 after purchasing an additional 51,376 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Voya Financial by 13.5% in the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $2,564,000 after purchasing an additional 4,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Voya Financial by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock valued at $25,081,000 after purchasing an additional 6,127 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after buying an additional 223 shares in the last quarter. 96.10% of the stock is owned by institutional investors.
Voya Financial Stock Down 1.7%
Shares of VOYA opened at $96.83 on Friday. The company has a market capitalization of $8.78 billion, a P/E ratio of 14.63, a PEG ratio of 0.90 and a beta of 0.91. Voya Financial, Inc. has a one year low of $64.50 and a one year high of $103.85. The business’s 50 day simple moving average is $90.08 and its 200-day simple moving average is $79.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27.
Voya Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, May 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.40%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Barclays raised their target price on Voya Financial from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Wells Fargo & Company upped their price target on Voya Financial from $89.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods increased their price objective on Voya Financial from $92.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Weiss Ratings raised Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Finally, Morgan Stanley boosted their target price on shares of Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $100.15.
Insiders Place Their Bets
In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 2,887 shares of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company’s stock.
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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