Deutsche Bank AG Makes New Investment in Voya Financial, Inc. $VOYA

Key Points

• Deutsche Bank opened a new $1.01 million position in Voya Financial during the second quarter, while institutional investors collectively own 96.10% of the company’s stock.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $103.85; recent targets range as high as $125.
• Voya reported quarterly earnings of $1.51 per share, below the $1.98 consensus estimate, while revenue declined 4.3% year over year. The company declared a quarterly dividend of $0.47 per share, representing a 1.8% annualized yield.

Deutsche Bank AG bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,160 shares of the asset manager's stock, valued at approximately $1,010,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Voya Financial in the second quarter worth approximately $48,000. OneDigital Investment Advisors LLC purchased a new position in shares of Voya Financial in the 2nd quarter valued at $840,000. Global Retirement Partners LLC purchased a new position in shares of Voya Financial in the 2nd quarter valued at $133,000. Bank of New York Mellon Corp bought a new position in shares of Voya Financial in the 2nd quarter worth $520,280,000. Finally, State of Wyoming purchased a new stake in shares of Voya Financial during the 2nd quarter worth $243,000. Institutional investors own 96.10% of the company's stock.

Analysts Set New Price Targets

VOYA has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of Voya Financial from $92.00 to $105.00 and gave the company an "overweight" rating in a research note on Monday, August 24th. Atlantic Securities set a $79.00 price target on Voya Financial in a research report on Wednesday, July 15th. Evercore reiterated an "outperform" rating and set a $111.00 price objective on shares of Voya Financial in a report on Friday, August 7th. Barclays boosted their target price on Voya Financial from $98.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 7th. Finally, UBS Group upped their target price on Voya Financial from $95.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $103.85.

Insider Buying and Selling

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of Voya Financial stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the sale, the insider directly owned 2,887 shares of the company's stock, valued at approximately $259,830. The trade was a 58.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.57% of the company's stock.

Voya Financial Trading Down 0.2%

Shares of Voya Financial stock opened at $102.34 on Monday. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 0.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $103.85. The stock has a 50 day moving average of $97.76 and a 200 day moving average of $83.71.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the business earned $1.66 EPS. The firm's revenue was down 4.3% compared to the same quarter last year. As a group, research analysts predict that Voya Financial, Inc. will post 9.25 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, August 26th. Voya Financial's dividend payout ratio is 31.70%.

Voya Financial Company Profile

Voya Financial, Inc NYSE: VOYA is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya's operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya's core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

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