Deutsche Bank AG Reduces Position in Voya Financial Inc (VOYA)
Deutsche Bank AG decreased its stake in shares of Voya Financial Inc (NYSE:VOYA) by 11.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 835,345 shares of the asset manager’s stock after selling 108,149 shares during the quarter. Deutsche Bank AG owned about 0.54% of Voya Financial worth $41,488,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of VOYA. JBF Capital Inc. bought a new position in shares of Voya Financial during the third quarter worth $124,000. Cerebellum GP LLC bought a new position in Voya Financial during the third quarter valued at $184,000. Tower Research Capital LLC TRC bought a new position in Voya Financial during the second quarter valued at $194,000. Point72 Hong Kong Ltd bought a new position in Voya Financial during the second quarter valued at $195,000. Finally, Raymond James Trust N.A. bought a new position in Voya Financial during the third quarter valued at $203,000.
Several equities analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Voya Financial from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, November 13th. Credit Suisse Group set a $59.00 price objective on shares of Voya Financial and gave the company a “buy” rating in a research report on Friday, November 9th. Royal Bank of Canada lowered their price objective on shares of Voya Financial to $55.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. Finally, ValuEngine lowered shares of Voya Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $59.00.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, October 30th. The asset manager reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.15. Voya Financial had a negative net margin of 28.31% and a positive return on equity of 7.01%. The business had revenue of $163.00 million for the quarter, compared to the consensus estimate of $297.80 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities research analysts predict that Voya Financial Inc will post 4.36 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Friday, November 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Thursday, November 29th. Voya Financial’s dividend payout ratio is currently 1.33%.
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About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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