Pacer Advisors Inc. Sells 2,503 Shares of ING Groep (NYSE:ING)

Pacer Advisors Inc. cut its holdings in shares of ING Groep (NYSE:ING) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,842 shares of the financial services provider’s stock after selling 2,503 shares during the quarter. Pacer Advisors Inc.’s holdings in ING Groep were worth $671,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ING. Fortitude Family Office LLC purchased a new position in ING Groep during the third quarter valued at $25,000. Brooklyn Investment Group boosted its holdings in shares of ING Groep by 184.8% in the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,207 shares during the period. Mather Group LLC. boosted its holdings in shares of ING Groep by 57.3% in the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 782 shares during the period. Versant Capital Management Inc purchased a new position in ING Groep during the 4th quarter valued at $45,000. Finally, Hexagon Capital Partners LLC boosted its holdings in ING Groep by 22.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 706 shares during the period. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Trading Down 2.0 %

ING opened at $16.25 on Tuesday. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The business has a fifty day simple moving average of $15.84 and a 200-day simple moving average of $16.83. The firm has a market cap of $56.83 billion, a P/E ratio of 7.28, a P/E/G ratio of 6.18 and a beta of 1.47. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were paid a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep’s dividend payout ratio is presently 28.70%.

Wall Street Analyst Weigh In

ING has been the subject of a number of research analyst reports. Citigroup raised ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 26th. Barclays downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th.

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.