Voya Financial, Inc. (NYSE:VOYA) Stock Position Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in Voya Financial, Inc. (NYSE:VOYA) by 17.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 160,430 shares of the asset manager’s stock after selling 33,299 shares during the quarter. Hsbc Holdings PLC owned 0.16% of Voya Financial worth $11,404,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of VOYA. Vanguard Group Inc. boosted its stake in Voya Financial by 6.2% during the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock valued at $818,094,000 after buying an additional 644,216 shares in the last quarter. Boston Partners lifted its holdings in shares of Voya Financial by 83.8% during the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock valued at $186,310,000 after purchasing an additional 1,151,822 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Voya Financial by 1,020.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock valued at $175,057,000 after purchasing an additional 2,156,773 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Voya Financial by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after purchasing an additional 248,795 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Voya Financial by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 387,385 shares of the asset manager’s stock worth $28,635,000 after acquiring an additional 4,250 shares during the period. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of VOYA stock opened at $77.01 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.56 and a beta of 1.03. The stock’s fifty day simple moving average is $70.68 and its 200 day simple moving average is $71.40. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $78.12.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. On average, analysts expect that Voya Financial, Inc. will post 8.45 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Tuesday, August 27th. This is a positive change from Voya Financial’s previous quarterly dividend of $0.40. Voya Financial’s dividend payout ratio is 25.57%.

Analyst Ratings Changes

A number of brokerages have commented on VOYA. Citigroup raised their price objective on Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Bank of America raised their price objective on Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Wells Fargo & Company cut their price objective on Voya Financial from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Jefferies Financial Group lifted their price target on Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Morgan Stanley dropped their price target on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.45.

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.