Mizuho Markets Americas LLC Makes New $6.91 Million Investment in Voya Financial, Inc. (NYSE:VOYA)

Key Points

• Mizuho Markets Americas LLC acquired 102,027 shares of Voya Financial, valued at approximately $6.9 million, during the first quarter, representing about 0.11% of the company.
• Voya Financial reported $2.40 earnings per share for the last quarter, exceeding analysts' expectations of $2.09, but showing a revenue decline of 2.6% year-over-year.
• The firm declared a quarterly dividend of $0.45 per share, with a dividend yield of 2.5%, to be distributed on September 26th to stockholders of record.

Mizuho Markets Americas LLC acquired a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 102,027 shares of the asset manager's stock, valued at approximately $6,913,000. Mizuho Markets Americas LLC owned about 0.11% of Voya Financial at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board increased its position in shares of Voya Financial by 132.9% during the first quarter. Ontario Teachers Pension Plan Board now owns 14,237 shares of the asset manager's stock worth $965,000 after purchasing an additional 8,125 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in Voya Financial by 7.4% during the first quarter. Wealthspire Advisors LLC now owns 3,186 shares of the asset manager's stock worth $216,000 after buying an additional 219 shares during the last quarter. New Age Alpha Advisors LLC boosted its stake in Voya Financial by 14.8% during the first quarter. New Age Alpha Advisors LLC now owns 2,558 shares of the asset manager's stock worth $173,000 after buying an additional 330 shares during the last quarter. Jefferies Financial Group Inc. boosted its stake in Voya Financial by 24.8% during the first quarter. Jefferies Financial Group Inc. now owns 11,767 shares of the asset manager's stock worth $797,000 after buying an additional 2,340 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Voya Financial by 6.4% during the first quarter. Natixis Advisors LLC now owns 37,585 shares of the asset manager's stock worth $2,547,000 after buying an additional 2,252 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on VOYA. Evercore ISI boosted their price objective on Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a research note on Wednesday. Barclays boosted their price objective on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. upped their price target on Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. UBS Group increased their price objective on Voya Financial from $87.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley set a $89.00 price objective on Voya Financial and gave the company an "overweight" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $83.40.

Insider Transactions at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director directly owned 355 shares of the company's stock, valued at $23,493.90. This represents a 82.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.99% of the stock is owned by company insiders.

Voya Financial Stock Performance

Voya Financial stock traded up $0.03 during mid-day trading on Thursday, reaching $74.81. 301,627 shares of the company were exchanged, compared to its average volume of 944,052. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The firm's 50-day simple moving average is $70.32 and its two-hundred day simple moving average is $67.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $7.21 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.67 and a beta of 0.99.

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, beating analysts' consensus estimates of $2.09 by $0.31. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%. The business's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. Equities analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

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

Voya Financial Company 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.