ING Groep (NYSE:ING) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC reduced its holdings in shares of ING Groep (NYSE:ING - Free Report) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,353 shares of the financial services provider's stock after selling 49,752 shares during the quarter. Boston Common Asset Management LLC's holdings in ING Groep were worth $4,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ING. Bruce G. Allen Investments LLC boosted its stake in shares of ING Groep by 34.6% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 10,697 shares of the financial services provider's stock worth $194,000 after purchasing an additional 2,750 shares during the last quarter. Wedmont Private Capital raised its holdings in ING Groep by 6.6% in the 3rd quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider's stock valued at $195,000 after acquiring an additional 688 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in ING Groep by 22.3% in the third quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 706 shares during the last quarter. CWM LLC lifted its position in ING Groep by 10.0% during the third quarter. CWM LLC now owns 11,291 shares of the financial services provider's stock worth $205,000 after buying an additional 1,028 shares during the period. Finally, Atomi Financial Group Inc. grew its holdings in ING Groep by 63.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 60,468 shares of the financial services provider's stock valued at $1,098,000 after buying an additional 23,498 shares during the period. Institutional investors and hedge funds own 4.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a "buy" rating to a "hold" rating in a report on Wednesday.

ING Groep Trading Up 1.1 %

Shares of ING Groep stock traded up $0.20 during trading hours on Friday, reaching $17.43. The stock had a trading volume of 1,689,670 shares, compared to its average volume of 2,368,243. The firm has a market capitalization of $60.96 billion, a price-to-earnings ratio of 7.96 and a beta of 1.52. ING Groep has a 1 year low of $12.44 and a 1 year high of $18.72. The company has a current ratio of 0.95, a quick ratio of 1.12 and a debt-to-equity ratio of 2.54. The firm has a 50 day simple moving average of $17.70 and a two-hundred day simple moving average of $17.40.

ING Groep (NYSE:ING - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 EPS for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. The firm had revenue of $6.15 billion for the quarter. During the same quarter in the previous year, the business posted $0.65 EPS. As a group, equities research analysts anticipate that ING Groep will post 2.04 earnings per share for the current year.

ING Groep Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, August 19th. Investors of record on Thursday, August 8th were issued a dividend of $0.8143 per share. This is a positive change from ING Groep's previous semi-annual dividend of $0.70. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 5.9%. ING Groep's payout ratio is presently 29.68%.

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.