ING Groep (NYSE:ING) Shares Acquired by Todd Asset Management LLC

Todd Asset Management LLC increased its position in ING Groep (NYSE:ING) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 2,771,941 shares of the financial services provider’s stock after purchasing an additional 42,851 shares during the quarter. Todd Asset Management LLC’s holdings in ING Groep were worth $43,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ING. Raymond James & Associates boosted its holdings in shares of ING Groep by 49.7% in the third quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock worth $14,431,000 after buying an additional 263,904 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of ING Groep by 19.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 25,378 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 4,165 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of ING Groep by 25.2% in the third quarter. Private Advisor Group LLC now owns 20,853 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 4,196 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in ING Groep during the third quarter worth $4,030,000. Finally, Fortitude Family Office LLC bought a new position in shares of ING Groep during the third quarter valued at $25,000. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of NYSE:ING opened at $17.17 on Tuesday. The stock has a market capitalization of $60.05 billion, a P/E ratio of 8.02, a P/E/G ratio of 6.42 and a beta of 1.46. ING Groep has a 1-year low of $13.57 and a 1-year high of $18.72. The business has a 50-day moving average price of $16.26 and a two-hundred day moving average price of $16.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING) last released its earnings results on Thursday, February 6th. The financial services provider reported $0.39 EPS 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%. Equities analysts predict that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were issued a dividend of $0.1667 per share. This represents a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s dividend payout ratio (DPR) is currently 29.91%.

Wall Street Analysts Forecast Growth

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

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.