Dorsey Wright & Associates reduced its position in shares of ING Groep (NYSE:ING - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,658 shares of the financial services provider's stock after selling 41,157 shares during the period. Dorsey Wright & Associates' holdings in ING Groep were worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC lifted its position in shares of ING Groep by 2.3% during the 4th quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider's stock valued at $52,989,000 after acquiring an additional 74,771 shares during the period. Todd Asset Management LLC boosted its holdings in shares of ING Groep by 1.6% during the 4th quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider's stock valued at $43,436,000 after acquiring an additional 42,851 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of ING Groep by 4.7% during the fourth quarter. American Century Companies Inc. now owns 1,240,735 shares of the financial services provider's stock worth $19,442,000 after purchasing an additional 55,257 shares during the last quarter. HighTower Advisors LLC increased its position in ING Groep by 1.6% in the 4th quarter. HighTower Advisors LLC now owns 963,306 shares of the financial services provider's stock valued at $15,095,000 after acquiring an additional 15,118 shares during the period. Finally, Raymond James Financial Inc. bought a new position in ING Groep during the 4th quarter worth $14,375,000. 4.49% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on ING Groep
ING Groep Stock Down 2.9 %
ING Groep stock traded down $0.58 during mid-day trading on Thursday, reaching $19.19. The stock had a trading volume of 2,107,711 shares, compared to its average volume of 2,277,597. The company has a 50-day moving average price of $18.28 and a two-hundred day moving average price of $17.09. The company has a market capitalization of $67.13 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 6.42 and a beta of 1.44. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a one year low of $15.09 and a one year high of $20.79.
ING Groep (NYSE:ING - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, analysts expect that ING Groep will post 2.14 EPS for the current fiscal year.
ING Groep Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.6526 per share. This is a positive change from ING Groep's previous semi-annual dividend of $0.17. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, April 25th. ING Groep's dividend payout ratio is currently 60.75%.
ING Groep Company Profile
(
Free Report)
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.
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