Trexquant Investment LP Has $2.74 Million Position in ING Groep (NYSE:ING)

Trexquant Investment LP trimmed its position in ING Groep (NYSE:ING - Free Report) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,662 shares of the financial services provider's stock after selling 27,832 shares during the period. Trexquant Investment LP's holdings in ING Groep were worth $2,737,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC boosted its stake in ING Groep by 201.0% during the fourth quarter. Headlands Technologies LLC now owns 11,753 shares of the financial services provider's stock valued at $184,000 after buying an additional 7,848 shares in the last quarter. National Bank of Canada FI boosted its position in shares of ING Groep by 15.3% during the 4th quarter. National Bank of Canada FI now owns 26,408 shares of the financial services provider's stock valued at $414,000 after purchasing an additional 3,508 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of ING Groep by 88.3% in the 4th quarter. Franklin Resources Inc. now owns 290,796 shares of the financial services provider's stock worth $4,557,000 after purchasing an additional 136,342 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of 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 worth $167,000 after purchasing an additional 3,728 shares during the last quarter. Finally, Zions Bancorporation N.A. raised its holdings 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 purchasing an additional 33,152 shares in the last quarter. 4.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Three research 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 company. According to data from MarketBeat.com, ING Groep has an average rating of "Moderate Buy".

ING Groep Trading Up 4.7 %

ING traded up $0.82 during trading on Friday, reaching $18.24. The company had a trading volume of 3,787,006 shares, compared to its average volume of 2,354,403. 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 has a 12-month low of $15.09 and a 12-month high of $20.79. The company has a market cap of $63.79 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 6.42 and a beta of 1.07. The firm's 50-day simple moving average is $18.44 and its 200 day simple moving average is $17.04.

ING Groep (NYSE:ING - Get Free Report) last released its quarterly 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 net margin of 28.30% and a return on equity of 11.81%. Equities research analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

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

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.