Boston Partners Buys 41,457 Shares of ING Groep (NYSE:ING)

Boston Partners grew its position in shares of ING Groep (NYSE:ING - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,401 shares of the financial services provider's stock after purchasing an additional 41,457 shares during the period. Boston Partners' holdings in ING Groep were worth $2,614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Roxbury Financial LLC bought a new position in shares of ING Groep during the 4th quarter valued at $25,000. Brooklyn Investment Group boosted its position in ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,207 shares during the period. Versant Capital Management Inc purchased a new stake in ING Groep during the fourth quarter valued at about $45,000. IFP Advisors Inc grew its stake in shares of ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after buying an additional 621 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of ING Groep in the fourth quarter worth about $55,000. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Trading Up 2.3 %

ING traded up $0.46 during trading on Tuesday, hitting $20.23. 727,344 shares of the stock traded hands, compared to its average volume of 2,268,605. The firm has a market capitalization of $70.76 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. ING Groep has a 12-month low of $15.09 and a 12-month high of $20.79. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50-day moving average of $17.79 and a 200 day moving average of $16.98.

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ING Groep (NYSE:ING - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. Equities research analysts anticipate that ING Groep will post 2.14 EPS for the current year.

ING Groep Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were given a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep's dividend payout ratio is currently 29.91%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, November 26th.

ING Groep Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.