XTX Topco Ltd lessened its holdings in ING Groep (NYSE:ING - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,492 shares of the financial services provider's stock after selling 41,681 shares during the period. XTX Topco Ltd's holdings in ING Groep were worth $760,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC grew its holdings in shares of ING Groep by 2.3% during the fourth quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider's stock worth $52,989,000 after purchasing an additional 74,771 shares during the last quarter. Todd Asset Management LLC grew its holdings in shares of ING Groep by 1.6% during the fourth quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider's stock worth $43,436,000 after purchasing an additional 42,851 shares during 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 grew its holdings in shares of ING Groep by 1.6% during the fourth quarter. HighTower Advisors LLC now owns 963,306 shares of the financial services provider's stock worth $15,095,000 after purchasing an additional 15,118 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of ING Groep during the fourth quarter worth about $14,375,000. Institutional investors own 4.49% of the company's stock.
ING Groep Trading Up 3.3 %
Shares of ING Groep stock traded up $0.64 during midday trading on Wednesday, reaching $19.77. The company had a trading volume of 2,640,977 shares, compared to its average volume of 3,127,829. The stock has a fifty day moving average price of $18.73 and a 200 day moving average price of $17.08. 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 market cap of $69.16 billion, a PE ratio of 9.24, a P/E/G ratio of 6.42 and a beta of 1.07. 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 data 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%. On average, equities analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.
ING Groep Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a $0.6526 dividend. This represents a yield of 5.1%. This is a boost from ING Groep's previous semi-annual dividend of $0.17. The ex-dividend date is Friday, April 25th. ING Groep's dividend payout ratio (DPR) is presently 60.75%.
Analysts Set New Price Targets
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 equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, ING Groep currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Research Report on ING
About ING Groep
(
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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