HighTower Advisors LLC Increases Stock Holdings in ING Groep (NYSE:ING)

HighTower Advisors LLC grew its stake in ING Groep (NYSE:ING - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 963,306 shares of the financial services provider's stock after acquiring an additional 15,118 shares during the quarter. HighTower Advisors LLC's holdings in ING Groep were worth $15,095,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ING. Natixis Advisors LLC increased its stake in ING Groep by 71.3% in the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider's stock valued at $60,051,000 after purchasing an additional 1,376,713 shares during the last quarter. Raymond James Financial Inc. acquired a new position in ING Groep in the fourth quarter valued at $14,375,000. ABC Arbitrage SA acquired a new position in ING Groep in the fourth quarter valued at $10,129,000. Public Employees Retirement System of Ohio acquired a new position in ING Groep in the third quarter valued at $9,924,000. Finally, Fisher Asset Management LLC increased its stake in ING Groep by 0.6% in the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider's stock valued at $1,243,072,000 after purchasing an additional 429,562 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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ING Groep Trading Up 0.1 %

NYSE:ING traded up $0.02 on Wednesday, hitting $20.50. 2,327,910 shares of the stock were exchanged, compared to its average volume of 2,268,004. The stock has a market cap of $71.73 billion, a PE ratio of 9.58, a PEG ratio of 6.42 and a beta of 1.44. 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 stock has a fifty day moving average of $17.44 and a 200-day moving average of $16.92. ING Groep has a fifty-two week low of $15.09 and a fifty-two week high of $20.79.

ING Groep (NYSE:ING - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.39 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%. As a group, equities analysts expect that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were paid a dividend of $0.1667 per share. The ex-dividend date was Monday, January 13th. This represents a yield of 6.4%. ING Groep's dividend payout ratio is presently 29.91%.

About ING Groep

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.