DekaBank Deutsche Girozentrale Sells 2,705 Shares of Voya Financial, Inc. (NYSE:VOYA)

DekaBank Deutsche Girozentrale lowered its stake in Voya Financial, Inc. (NYSE:VOYA) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,594 shares of the asset manager’s stock after selling 2,705 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.20% of Voya Financial worth $13,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VOYA. Vanguard Group Inc. grew its holdings in shares of Voya Financial by 6.2% in the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock valued at $818,094,000 after purchasing an additional 644,216 shares in the last quarter. Boston Partners grew its stake in shares of Voya Financial by 83.8% in the 1st quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after buying an additional 1,151,822 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Voya Financial by 1,020.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after buying an additional 2,156,773 shares during the last quarter. Norges Bank purchased a new stake in shares of Voya Financial during the 4th quarter valued at about $80,749,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Voya Financial by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 387,385 shares of the asset manager’s stock valued at $28,635,000 after acquiring an additional 4,250 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 0.3 %

Shares of NYSE VOYA opened at $75.10 on Monday. Voya Financial, Inc. has a 52-week low of $63.02 and a 52-week high of $76.75. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 0.56 and a beta of 1.03. The stock has a 50 day moving average price of $70.00 and a 200 day moving average price of $71.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.13. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 EPS. Sell-side analysts expect that Voya Financial, Inc. will post 8.42 earnings per share for the current year.

Voya Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.45 per share. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.40%. Voya Financial’s dividend payout ratio (DPR) is 25.57%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VOYA. Bank of America upped their price objective on Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Citigroup increased their price target on Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday. Evercore ISI increased their target price on shares of Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $83.00 target price on shares of Voya Financial in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.64.

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.