Deutsche Bank AG Has $518,000 Position in Voya Financial, Inc. $VOYA

Key Points

• Deutsche Bank AG significantly reduced its stake in Voya Financial, Inc. by 86.2%, selling 47,635 shares and leaving them with only 7,649 shares valued at $518,000.
• Several institutional investors increased their holdings in Voya Financial during the first quarter, with notable increases from Ontario Teachers Pension Plan Board (132.9%) and Jefferies Financial Group Inc. (24.8%).
• Voya Financial reported earnings of $2.40 per share, surpassing analysts' expectations, and announced a quarterly dividend of $0.45, representing a 2.4% yield.

Deutsche Bank AG lessened its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 86.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,649 shares of the asset manager's stock after selling 47,635 shares during the period. Deutsche Bank AG's holdings in Voya Financial were worth $518,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in Voya Financial during the fourth quarter worth about $37,000. Versant Capital Management Inc raised its holdings in Voya Financial by 666.4% during the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after acquiring an additional 773 shares in the last quarter. Blue Trust Inc. raised its holdings in Voya Financial by 36.9% during the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock worth $64,000 after acquiring an additional 256 shares in the last quarter. LRI Investments LLC raised its holdings in Voya Financial by 26.1% during the fourth quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock worth $90,000 after acquiring an additional 271 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Voya Financial by 142.9% during the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock worth $91,000 after acquiring an additional 790 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

Voya Financial Stock Performance

Shares of Voya Financial stock traded up $0.12 on Friday, hitting $75.15. The stock had a trading volume of 824,148 shares, compared to its average volume of 839,011. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The business's 50 day moving average is $72.25 and its two-hundred day moving average is $68.03. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, August 5th. The asset manager reported $2.40 EPS for the quarter, beating the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business earned $2.18 earnings per share. The firm's revenue for the quarter was down 2.6% on a year-over-year basis. Analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Voya Financial's dividend payout ratio is presently 36.00%.

Wall Street Analyst Weigh In

VOYA has been the topic of several analyst reports. Barclays upped their target price on Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Royal Bank Of Canada boosted their price target on Voya Financial from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Finally, Evercore ISI boosted their price target on Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $83.70.

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.