ING Groep (NYSE:ING) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lessened its holdings in shares of ING Groep (NYSE:ING - Free Report) by 26.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 431,146 shares of the financial services provider's stock after selling 151,728 shares during the quarter. Neuberger Berman Group LLC's holdings in ING Groep were worth $6,755,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ING. Raymond James Financial Inc. bought a new stake in shares of ING Groep in the 4th quarter worth approximately $14,375,000. Guardian Partners Inc. purchased a new position in shares of ING Groep in the fourth quarter worth about $11,730,000. ABC Arbitrage SA purchased a new position in shares of ING Groep in the fourth quarter worth about $10,129,000. Massachusetts Financial Services Co. MA lifted its stake in shares of ING Groep by 147.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 331,182 shares of the financial services provider's stock valued at $5,190,000 after acquiring an additional 197,509 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in ING Groep by 88.3% during the 4th quarter. Franklin Resources Inc. now owns 290,796 shares of the financial services provider's stock valued at $4,557,000 after acquiring an additional 136,342 shares during the period. Hedge funds and other institutional investors own 4.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Three investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

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ING Groep Stock Up 1.4 %

NYSE ING traded up $0.26 during mid-day trading on Tuesday, reaching $18.54. The stock had a trading volume of 2,213,269 shares, compared to its average volume of 2,337,707. The company has a fifty day moving average price of $18.47 and a 200 day moving average price of $17.03. 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 stock has a market cap of $64.84 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. ING Groep has a 1 year low of $15.09 and a 1 year high of $20.79.

ING Groep (NYSE:ING - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) 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%. On average, research analysts expect that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.6526 per share. This is an increase from ING Groep's previous semi-annual dividend of $0.17. The ex-dividend date is Friday, April 25th. This represents a dividend yield of 5.1%. ING Groep's dividend payout ratio is presently 60.75%.

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.