Deutsche Bank AG Sells 47,635 Shares of Voya Financial, Inc. $VOYA

Deutsche Bank AG reduced its stake in Voya Financial, Inc. (NYSE:VOYA) by 86.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ontario Teachers Pension Plan Board increased its holdings in Voya Financial by 132.9% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 14,237 shares of the asset manager’s stock valued at $965,000 after acquiring an additional 8,125 shares during the last quarter. Wealthspire Advisors LLC increased its holdings in Voya Financial by 7.4% in the 1st quarter. Wealthspire Advisors LLC now owns 3,186 shares of the asset manager’s stock valued at $216,000 after acquiring an additional 219 shares during the last quarter. New Age Alpha Advisors LLC increased its holdings in Voya Financial by 14.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,558 shares of the asset manager’s stock valued at $173,000 after acquiring an additional 330 shares during the last quarter. Jefferies Financial Group Inc. increased its holdings in Voya Financial by 24.8% in the 1st quarter. Jefferies Financial Group Inc. now owns 11,767 shares of the asset manager’s stock valued at $797,000 after acquiring an additional 2,340 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in Voya Financial by 6.4% in the 1st quarter. Natixis Advisors LLC now owns 37,585 shares of the asset manager’s stock valued at $2,547,000 after acquiring an additional 2,252 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VOYA. Wells Fargo & Company boosted their target price on shares of Voya Financial from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Morgan Stanley boosted their target price on shares of Voya Financial from $89.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. UBS Group boosted their target price on shares of Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Voya Financial from $80.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, Barclays boosted their target price on shares of Voya Financial from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Voya Financial currently has a consensus rating of “Hold” and an average target price of $83.70.

Voya Financial Price Performance

VOYA stock opened at $75.91 on Wednesday. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $71.73 and a 200 day moving average price of $67.94. The stock has a market cap of $7.32 billion, a PE ratio of 15.18, a P/E/G ratio of 0.61 and a beta of 0.99.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.31. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.18 EPS. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

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 paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. Voya Financial’s payout ratio is 36.00%.

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.