Deutsche Bank AG Sells 47,635 Shares of 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 lowered its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 86.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing.

Several other large investors have also recently made changes to their positions in VOYA. Marshall Wace LLP bought a new position in Voya Financial during the fourth quarter valued at about $677,000. Tower Research Capital LLC TRC boosted its stake in Voya Financial by 218.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,424 shares of the asset manager's stock valued at $580,000 after acquiring an additional 5,782 shares during the last quarter. Quarry LP bought a new position in shares of Voya Financial during the 4th quarter valued at approximately $37,000. Tudor Investment Corp ET AL purchased a new stake in shares of Voya Financial during the 4th quarter worth approximately $6,222,000. Finally, Northern Trust Corp raised its holdings in shares of Voya Financial by 14.5% in the 4th quarter. Northern Trust Corp now owns 1,335,463 shares of the asset manager's stock worth $91,920,000 after purchasing an additional 168,777 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VOYA. Wells Fargo & Company increased their price objective on Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Royal Bank Of Canada increased their price target on Voya Financial from $80.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Barclays boosted their price objective on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods boosted their target price on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Finally, Evercore ISI raised their price target on Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Voya Financial has a consensus rating of "Hold" and an average target price of $83.70.

Voya Financial Price Performance

Shares of Voya Financial stock traded up $0.12 during trading on Monday, hitting $75.15. The stock had a trading volume of 824,148 shares, compared to its average volume of 823,607. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 0.60 and a beta of 1.00. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The business's 50-day moving average is $72.40 and its 200 day moving average is $67.95. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.44.

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, topping 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 business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the business earned $2.18 earnings per share. The firm's revenue was down 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

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

Voya Financial 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.