OLD National Bancorp IN Buys 2,369 Shares of ING Groep (NYSE:ING)

OLD National Bancorp IN increased its stake in shares of ING Groep (NYSE:ING) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,882 shares of the financial services provider’s stock after purchasing an additional 2,369 shares during the quarter. OLD National Bancorp IN’s holdings in ING Groep were worth $280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Affirmative Financial Network boosted its stake in ING Groep by 31.3% during the fourth quarter. First Affirmative Financial Network now owns 15,601 shares of the financial services provider’s stock worth $244,000 after buying an additional 3,715 shares during the period. Capital Investment Counsel LLC grew its holdings in ING Groep by 1.4% during the 4th quarter. Capital Investment Counsel LLC now owns 295,451 shares of the financial services provider’s stock valued at $4,630,000 after purchasing an additional 3,947 shares during the last quarter. Blue Trust Inc. raised its position in ING Groep by 54.4% in the 4th quarter. Blue Trust Inc. now owns 32,953 shares of the financial services provider’s stock worth $516,000 after purchasing an additional 11,617 shares during the period. Blue Square Asset Management LLC lifted its stake in ING Groep by 2.7% in the fourth quarter. Blue Square Asset Management LLC now owns 128,369 shares of the financial services provider’s stock worth $2,012,000 after purchasing an additional 3,408 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC purchased a new position in shares of ING Groep during the fourth quarter valued at approximately $169,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Analyst Ratings Changes

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

ING Groep Trading Down 1.3 %

NYSE ING opened at $16.57 on Monday. ING Groep has a one year low of $12.77 and a one year high of $18.72. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $57.95 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 6.24 and a beta of 1.47. The company’s 50-day simple moving average is $15.84 and its two-hundred day simple moving average is $16.84.

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

ING Groep Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Investors 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 payout ratio is 29.15%.

ING Groep 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.