Nomura Holdings Inc. Invests $879,000 in Voya Financial, Inc. (NYSE:VOYA)

Nomura Holdings Inc. purchased a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,767 shares of the asset manager's stock, valued at approximately $879,000.

Several other institutional investors have also added to or reduced their stakes in VOYA. Victory Capital Management Inc. grew its stake in Voya Financial by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock valued at $22,561,000 after acquiring an additional 11,336 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of Voya Financial by 420.8% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager's stock valued at $4,812,000 after acquiring an additional 52,032 shares in the last quarter. KBC Group NV boosted its holdings in Voya Financial by 260.5% during the fourth quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock worth $646,000 after buying an additional 6,781 shares in the last quarter. Barclays PLC lifted its holdings in shares of Voya Financial by 48.2% in the third quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock valued at $3,872,000 after purchasing an additional 15,902 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after buying an additional 876,399 shares during the last quarter. Institutional investors own 96.10% of the company's stock.

Voya Financial Trading Down 1.4%

Shares of NYSE:VOYA traded down $0.93 during mid-day trading on Friday, reaching $65.79. The stock had a trading volume of 688,286 shares, compared to its average volume of 878,437. 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 firm has a market cap of $6.33 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The firm has a 50 day simple moving average of $62.96 and a two-hundred day simple moving average of $69.31. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30.

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

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio is presently 33.96%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. UBS Group reduced their price target on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday. Royal Bank of Canada dropped their price objective on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Morgan Stanley increased their price objective on shares of Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $81.92.

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.