ING Groep (NYSE:ING) Shares Acquired by Signaturefd LLC

Signaturefd LLC increased its holdings in shares of ING Groep (NYSE:ING) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,473 shares of the financial services provider’s stock after acquiring an additional 1,375 shares during the quarter. Signaturefd LLC’s holdings in ING Groep were worth $1,888,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of ING Groep by 1.3% during the 3rd quarter. State Street Corp now owns 358,479 shares of the financial services provider’s stock worth $6,510,000 after purchasing an additional 4,542 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in ING Groep by 18.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 92,045 shares of the financial services provider’s stock worth $1,442,000 after buying an additional 14,476 shares during the last quarter. ABC Arbitrage SA purchased a new stake in ING Groep in the 4th quarter valued at $10,129,000. Massachusetts Financial Services Co. MA purchased a new stake in ING Groep in the 3rd quarter valued at $2,428,000. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of ING Groep by 97.4% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 51,922 shares of the financial services provider’s stock worth $814,000 after acquiring an additional 25,624 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Trading Up 0.0 %

ING opened at $20.27 on Tuesday. The stock has a market capitalization of $70.89 billion, a PE ratio of 9.47, a P/E/G ratio of 6.42 and a beta of 1.44. ING Groep has a one year low of $15.09 and a one year high of $20.79. 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 business’s 50 day moving average price is $17.35 and its 200 day moving average price is $16.91.

ING Groep (NYSE:ING) last announced its quarterly 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%. As a group, equities research analysts expect that ING Groep will post 2.14 EPS for the current year.

ING Groep Cuts Dividend

The business 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. This represents a dividend yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep’s dividend payout ratio is presently 29.91%.

Analyst Ratings Changes

Separately, Morgan Stanley lowered shares of 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.