Nomura Holdings Inc. Invests $4.92 Million in Voya Financial, Inc. $VOYA

Nomura Holdings Inc. purchased a new stake in Voya Financial, Inc. (NYSE:VOYA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 69,227 shares of the asset manager’s stock, valued at approximately $4,915,000. Nomura Holdings Inc. owned 0.07% of Voya Financial at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC grew its holdings in shares of Voya Financial by 4.2% during the second quarter. ProShare Advisors LLC now owns 4,269 shares of the asset manager’s stock valued at $303,000 after buying an additional 171 shares during the last quarter. Ethic Inc. raised its holdings in shares of Voya Financial by 2.3% in the 2nd quarter. Ethic Inc. now owns 10,098 shares of the asset manager’s stock worth $714,000 after acquiring an additional 223 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 223 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Voya Financial by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 32,078 shares of the asset manager’s stock valued at $2,278,000 after purchasing an additional 227 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in Voya Financial by 5.1% during the 1st quarter. EP Wealth Advisors LLC now owns 4,689 shares of the asset manager’s stock worth $318,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

NYSE VOYA opened at $74.97 on Tuesday. The company’s 50 day simple moving average is $72.13 and its two-hundred day simple moving average is $72.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.27 and a quick ratio of 0.27. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $78.00. The stock has a market capitalization of $7.13 billion, a PE ratio of 12.88, a P/E/G ratio of 0.52 and a beta of 0.91.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the firm posted $2.12 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Wednesday, November 26th will be given a dividend of $0.47 per share. This is a boost from Voya Financial’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, November 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.5%. Voya Financial’s dividend payout ratio is 32.30%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VOYA shares. Keefe, Bruyette & Woods dropped their target price on Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $93.00 price objective on shares of Voya Financial in a report on Monday. Weiss Ratings upgraded shares of Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 8th. Wells Fargo & Company dropped their price target on shares of Voya Financial from $83.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Finally, Barclays upped their price objective on shares of Voya Financial from $81.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $84.50.

About Voya Financial

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.