Hsbc Holdings PLC Sells 5,390 Shares of Voya Financial, Inc. $VOYA

Key Points

• Hsbc Holdings PLC reduced its stake in Voya Financial, Inc. by 49.8%, holding 5,430 shares valued at approximately $368,000.
• Several hedge funds increased their positions in Voya Financial during the fourth quarter, with Balyasny Asset Management L.P. significantly increasing its holdings by 278.8%.
• Analysts have raised their price targets for Voya Financial, with most recent estimates placing it between $82.00 and $90.00, while maintaining a consensus rating generally around "Hold" or "Buy".

Hsbc Holdings PLC decreased its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 49.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,430 shares of the asset manager's stock after selling 5,390 shares during the period. Hsbc Holdings PLC's holdings in Voya Financial were worth $368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in shares of Voya Financial by 666.4% in the 1st quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after buying an additional 773 shares during the period. Blue Trust Inc. lifted its position in Voya Financial by 36.9% during the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock worth $64,000 after buying an additional 256 shares in the last quarter. LRI Investments LLC lifted its position in Voya Financial by 26.1% during the 4th quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock worth $90,000 after buying an additional 271 shares in the last quarter. Bessemer Group Inc. lifted its position in Voya Financial by 142.9% during the 1st quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock worth $91,000 after buying an additional 790 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Voya Financial by 196.7% in the 1st quarter. UMB Bank n.a. now owns 1,445 shares of the asset manager's stock valued at $98,000 after purchasing an additional 958 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Stock Performance

VOYA stock traded down $1.20 during mid-day trading on Friday, hitting $76.42. The company had a trading volume of 1,593,168 shares, compared to its average volume of 713,135. The firm has a market cap of $7.37 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 0.62 and a beta of 1.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The stock's fifty day moving average price is $72.90 and its two-hundred day moving average price is $68.07.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 EPS for the quarter, topping the consensus estimate of $2.09 by $0.31. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The company's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.18 earnings per share. On average, analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Voya Financial's payout ratio is 36.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VOYA shares. Royal Bank Of Canada upped their target price on shares of Voya Financial from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. Evercore ISI upped their price target on shares of Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. UBS Group raised their price target on shares of Voya Financial from $87.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wells Fargo & Company raised their price target on shares of Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, Barclays lifted their target price on shares of Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Voya Financial currently has an average rating of "Hold" and a consensus target price of $83.70.

Voya Financial Profile

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.