Natixis Advisors LLC Has $52.99 Million Stock Holdings in ING Groep (NYSE:ING)

Natixis Advisors LLC increased its holdings in shares of ING Groep (NYSE:ING - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,381,569 shares of the financial services provider's stock after buying an additional 74,771 shares during the period. Natixis Advisors LLC owned 0.10% of ING Groep worth $52,989,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of ING Groep during the 4th quarter valued at $14,375,000. State Street Corp grew its stake in shares of ING Groep by 1.3% during the third quarter. State Street Corp now owns 358,479 shares of the financial services provider's stock worth $6,510,000 after purchasing an additional 4,542 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in ING Groep by 18.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 92,045 shares of the financial services provider's stock valued at $1,442,000 after purchasing an additional 14,476 shares during the last quarter. ABC Arbitrage SA acquired a new position in ING Groep in the fourth quarter valued at about $10,129,000. Finally, Massachusetts Financial Services Co. MA bought a new position in ING Groep during the third quarter worth about $2,428,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Morgan Stanley cut shares of ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, November 26th.

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ING Groep Trading Down 2.5 %

NYSE:ING traded down $0.51 on Thursday, reaching $19.99. The company's stock had a trading volume of 2,793,936 shares, compared to its average volume of 3,080,291. ING Groep has a 1-year low of $15.09 and a 1-year high of $20.79. The business's 50-day moving average price is $17.54 and its two-hundred day moving average price is $16.95. The firm has a market cap of $69.91 billion, a PE ratio of 9.34, a PEG ratio of 6.42 and a beta of 1.44. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13.

ING Groep (NYSE:ING - Get Free Report) last posted its 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%. Equities research analysts anticipate that ING Groep will post 2.14 earnings per share 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. Investors of record on Monday, January 13th were given a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a yield of 6.4%. ING Groep's dividend payout ratio is currently 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.