Marietta Investment Partners LLC Grows Stock Position in ING Groep (NYSE:ING)

Marietta Investment Partners LLC grew its position in ING Groep (NYSE:ING) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,697 shares of the financial services provider’s stock after acquiring an additional 10,379 shares during the quarter. Marietta Investment Partners LLC’s holdings in ING Groep were worth $951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ING. Raymond James Financial Inc. purchased a new position in shares of ING Groep in the fourth quarter valued at approximately $14,375,000. ABC Arbitrage SA acquired a new stake in shares of ING Groep in the fourth quarter valued at approximately $10,129,000. Public Employees Retirement System of Ohio acquired a new stake in shares of ING Groep in the third quarter valued at approximately $9,924,000. Fisher Asset Management LLC increased its holdings in shares of ING Groep by 0.6% in the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock valued at $1,243,072,000 after purchasing an additional 429,562 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of ING Groep in the third quarter valued at approximately $2,762,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Trading Down 0.5 %

Shares of NYSE ING opened at $19.88 on Friday. ING Groep has a twelve month low of $15.09 and a twelve month high of $20.79. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock has a fifty day simple moving average of $17.71 and a 200-day simple moving average of $16.98. The stock has a market capitalization of $69.53 billion, a PE ratio of 9.29, a PEG ratio of 6.42 and a beta of 1.44.

ING Groep (NYSE:ING) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share 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%. On average, equities analysts forecast that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were paid a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s payout ratio is presently 29.91%.

Analysts Set New Price Targets

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.