ING Groep (NYSE:ING) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC reduced its stake in ING Groep (NYSE:ING) by 32.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,524 shares of the financial services provider’s stock after selling 6,640 shares during the period. SYSTM Wealth Solutions LLC’s holdings in ING Groep were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its position in shares of ING Groep by 8.5% during the fourth quarter. Fisher Asset Management LLC now owns 63,677,437 shares of the financial services provider’s stock worth $956,435,000 after buying an additional 4,995,615 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of ING Groep by 96.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,332,957 shares of the financial services provider’s stock valued at $20,021,000 after buying an additional 655,011 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of ING Groep by 7.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,568,136 shares of the financial services provider’s stock valued at $128,693,000 after purchasing an additional 622,037 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ING Groep by 150.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider’s stock worth $10,267,000 after acquiring an additional 359,535 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in ING Groep in the 2nd quarter valued at $4,626,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Price Performance

ING Groep stock opened at $18.40 on Thursday. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.66. The firm has a market cap of $64.37 billion, a P/E ratio of 8.14 and a beta of 1.52. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.12 and a current ratio of 0.95. The business’s fifty day moving average is $17.80 and its two-hundred day moving average is $17.10.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 EPS for the quarter. ING Groep had a return on equity of 12.65% and a net margin of 30.60%. The firm had revenue of $6.15 billion during the quarter. During the same quarter in the previous year, the business earned $0.65 earnings per share. Equities research analysts forecast that ING Groep will post 2.02 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, August 19th. Stockholders of record on Thursday, August 8th were given a dividend of $0.8143 per share. This represents a dividend yield of 5.9%. This is a boost from ING Groep’s previous semi-annual dividend of $0.70. The ex-dividend date was Thursday, August 8th. ING Groep’s dividend payout ratio (DPR) is currently 28.32%.

Wall Street Analyst Weigh In

Separately, Barclays raised ING Groep from an “equal weight” rating to an “overweight” rating in a report on Friday, June 7th.

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.