ING Groep (NYSE:ING) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of ING Groep (NYSE:ING) by 44.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 425,913 shares of the financial services provider’s stock after selling 338,040 shares during the period. Dimensional Fund Advisors LP’s holdings in ING Groep were worth $7,300,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Beverly Hills Private Wealth LLC increased its holdings in ING Groep by 4.7% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 602 shares in the last quarter. Gallacher Capital Management LLC boosted its position in shares of ING Groep by 2.8% in the 1st quarter. Gallacher Capital Management LLC now owns 21,892 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 604 shares during the period. Checchi Capital Advisers LLC increased its stake in ING Groep by 3.8% in the 2nd quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 637 shares in the last quarter. Pzena Investment Management LLC raised its holdings in ING Groep by 1.2% during the 2nd quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock worth $922,000 after buying an additional 640 shares during the period. Finally, Financial Management Professionals Inc. lifted its stake in ING Groep by 67.8% during the first quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock valued at $27,000 after buying an additional 662 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

ING stock opened at $17.67 on Tuesday. The stock has a market cap of $61.80 billion, a P/E ratio of 7.82 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. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.72. The firm has a 50 day simple moving average of $17.74 and a 200 day simple moving average of $17.38.

ING Groep (NYSE:ING) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share 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 for the quarter. During the same quarter last year, the company earned $0.65 earnings per share. Research analysts anticipate that ING Groep will post 2.04 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, August 8th were paid a $0.8143 dividend. This represents a yield of 5.9%. The ex-dividend date was Thursday, August 8th. This is an increase from ING Groep’s previous semi-annual dividend of $0.70. ING Groep’s dividend payout ratio is presently 28.32%.

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.