O Shaughnessy Asset Management LLC Reduces Position in ING Groep (NYSE:ING)

O Shaughnessy Asset Management LLC cut its stake in ING Groep (NYSE:ING - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 336,653 shares of the financial services provider's stock after selling 81,674 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in ING Groep were worth $5,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in ING Groep by 53.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,647 shares of the financial services provider's stock valued at $167,000 after buying an additional 3,728 shares during the last quarter. Zions Bancorporation N.A. grew its stake in shares of ING Groep by 63.2% in the 4th quarter. Zions Bancorporation N.A. now owns 85,579 shares of the financial services provider's stock worth $1,341,000 after acquiring an additional 33,152 shares in the last quarter. Guardian Partners Inc. purchased a new stake in shares of ING Groep in the fourth quarter valued at about $11,730,000. Marietta Investment Partners LLC lifted its position in shares of ING Groep by 20.6% during the fourth quarter. Marietta Investment Partners LLC now owns 60,697 shares of the financial services provider's stock valued at $951,000 after purchasing an additional 10,379 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in 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. Institutional investors own 4.49% of the company's stock.

ING Groep Stock Performance

NYSE:ING traded down $1.65 during trading on Friday, reaching $17.35. The company's stock had a trading volume of 6,373,506 shares, compared to its average volume of 2,294,458. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79. The firm has a market cap of $60.70 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. The firm has a 50 day moving average of $18.34 and a 200-day moving average of $17.08. 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 quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Research analysts expect that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

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.