Fifth Third Bancorp Has $883,000 Stake in ING Groep (NYSE:ING)

Fifth Third Bancorp trimmed its holdings in ING Groep (NYSE:ING - Free Report) by 23.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,359 shares of the financial services provider's stock after selling 17,329 shares during the quarter. Fifth Third Bancorp's holdings in ING Groep were worth $883,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC purchased a new position in shares of ING Groep in the third quarter valued at approximately $25,000. Brooklyn Investment Group increased its position in shares of ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,207 shares during the period. Mather Group LLC. raised its stake in shares of ING Groep by 57.3% in the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 782 shares in the last quarter. Versant Capital Management Inc purchased a new position in ING Groep in the fourth quarter valued at $45,000. Finally, Hexagon Capital Partners LLC grew its stake in ING Groep by 22.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider's stock worth $70,000 after purchasing an additional 706 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Trading Up 0.4 %

Shares of ING traded up $0.08 during mid-day trading on Thursday, reaching $16.82. The company had a trading volume of 1,077,025 shares, compared to its average volume of 2,512,998. ING Groep has a fifty-two week low of $12.77 and a fifty-two week high of $18.72. The stock has a market cap of $58.82 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 6.10 and a beta of 1.47. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The firm has a fifty day simple moving average of $15.79 and a 200-day simple moving average of $16.86.

ING Groep (NYSE:ING - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $0.65 EPS for the quarter. ING Groep had a return on equity of 12.49% and a net margin of 30.06%. The company had revenue of $6.49 billion for the quarter. During the same period in the prior year, the business earned $0.61 EPS. On average, sell-side analysts anticipate that ING Groep will post 2.09 EPS for the current fiscal year.

ING Groep Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were issued a $0.1667 dividend. This represents a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep's dividend payout ratio (DPR) is presently 29.15%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ING. Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Barclays cut ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 22nd. Citigroup upgraded ING Groep to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, Morgan Stanley cut shares of ING Groep from an "overweight" rating to an "equal weight" rating in a research note 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.