ING Groep (NYSE:ING) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of ING Groep (NYSE:ING - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,554 shares of the financial services provider's stock after selling 15,880 shares during the period. Rhumbline Advisers' holdings in ING Groep were worth $1,168,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. ABC Arbitrage SA purchased a new position in ING Groep in the fourth quarter valued at about $10,129,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of ING Groep by 10.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 28,143 shares of the financial services provider's stock valued at $436,000 after buying an additional 2,765 shares in the last quarter. Wealthstar Advisors LLC bought a new stake in shares of ING Groep in the 4th quarter valued at about $379,000. Strategic Financial Concepts LLC bought a new stake in shares of ING Groep in the 4th quarter valued at about $248,000. Finally, Bleakley Financial Group LLC boosted its holdings in shares of ING Groep by 6.7% in the 4th quarter. Bleakley Financial Group LLC now owns 20,366 shares of the financial services provider's stock valued at $319,000 after buying an additional 1,285 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Stock Up 3.9 %

NYSE ING traded up $0.78 during trading on Friday, hitting $20.78. The company's stock had a trading volume of 7,108,351 shares, compared to its average volume of 2,273,009. 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 company has a market cap of $72.67 billion, a PE ratio of 9.71, a P/E/G ratio of 6.42 and a beta of 1.44. The business's 50 day simple moving average is $16.83 and its 200-day simple moving average is $16.82. ING Groep has a fifty-two week low of $14.84 and a fifty-two week high of $20.79.

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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 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 EPS for the current fiscal year.

ING Groep Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were given a dividend of $0.1667 per share. 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%.

Wall Street Analysts Forecast Growth

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

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.