Dynamic Advisor Solutions LLC Decreases Holdings in ING Groep (NYSE:ING)

Dynamic Advisor Solutions LLC trimmed its stake in ING Groep (NYSE:ING) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 174,363 shares of the financial services provider’s stock after selling 31,027 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in ING Groep were worth $2,732,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Hsbc Holdings PLC purchased a new position in ING Groep in the second quarter valued at approximately $266,000. AE Wealth Management LLC raised its stake in shares of ING Groep by 6.7% in the second quarter. AE Wealth Management LLC now owns 15,574 shares of the financial services provider’s stock valued at $267,000 after buying an additional 973 shares during the period. AQR Capital Management LLC lifted its position in shares of ING Groep by 61.6% during the 2nd quarter. AQR Capital Management LLC now owns 26,644 shares of the financial services provider’s stock valued at $457,000 after buying an additional 10,153 shares during the last quarter. Susquehanna International Securities Ltd. bought a new position in shares of ING Groep during the 2nd quarter worth $425,000. Finally, Creative Planning increased its holdings in ING Groep by 18.4% in the 2nd quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock worth $3,589,000 after acquiring an additional 32,534 shares during the last quarter. 4.49% of the stock is owned by institutional investors.

ING Groep Trading Up 0.2 %

Shares of ING opened at $16.77 on Friday. ING Groep has a twelve month low of $12.77 and a twelve month high of $18.72. The stock has a market cap of $58.65 billion, a PE ratio of 7.52, a P/E/G ratio of 6.10 and a beta of 1.47. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The business’s 50-day moving average price is $15.73 and its 200-day moving average price is $16.90.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, October 31st. The financial services provider reported $0.65 earnings per share for the quarter. ING Groep had a net margin of 30.06% and a return on equity of 12.49%. The business had revenue of $6.49 billion for the quarter. During the same period last year, the company posted $0.61 EPS. On average, equities analysts forecast that ING Groep will post 2.09 EPS for the current fiscal year.

ING Groep Cuts Dividend

The firm 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 dividend yield of 6.4%. ING Groep’s dividend payout ratio (DPR) is presently 28.70%.

Analyst Ratings Changes

Several equities research analysts have commented on ING shares. Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd. Citigroup raised shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Morgan Stanley cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

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.