Hsbc Holdings PLC Has $744,000 Position in Voya Financial, Inc. (NYSE:VOYA)

Hsbc Holdings PLC reduced its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 92.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,820 shares of the asset manager's stock after selling 134,806 shares during the quarter. Hsbc Holdings PLC's holdings in Voya Financial were worth $744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VOYA. Jones Financial Companies Lllp lifted its holdings in Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after purchasing an additional 327 shares during the last quarter. R Squared Ltd bought a new stake in Voya Financial during the fourth quarter worth approximately $41,000. Venturi Wealth Management LLC grew its position in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after buying an additional 201 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock valued at $80,000 after buying an additional 169 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

Voya Financial Stock Up 0.1 %

VOYA stock traded up $0.07 during mid-day trading on Friday, hitting $66.97. The stock had a trading volume of 672,431 shares, compared to its average volume of 870,811. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30. The company has a fifty day moving average of $62.85 and a 200 day moving average of $70.20. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.48 and a beta of 0.95.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The firm had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The company's revenue was down 4.0% compared to the same quarter last year. On average, equities analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.69%. Voya Financial's dividend payout ratio is currently 29.41%.

Wall Street Analyst Weigh In

VOYA has been the topic of a number of recent research reports. UBS Group decreased their target price on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada cut their price objective on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Barclays set a $70.00 target price on shares of Voya Financial in a report on Wednesday. Bank of America restated an "underperform" rating and set a $71.00 price target (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Finally, Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Voya Financial currently has an average rating of "Hold" and a consensus price target of $81.83.

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.