GAMMA Investing LLC Sells 1,342 Shares of ING Groep (NYSE:ING)

GAMMA Investing LLC cut its holdings in shares of ING Groep (NYSE:ING) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,872 shares of the financial services provider’s stock after selling 1,342 shares during the period. GAMMA Investing LLC’s holdings in ING Groep were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ING. Fortitude Family Office LLC bought a new stake in shares of ING Groep in the third quarter valued at about $25,000. Mather Group LLC. lifted its holdings in shares of ING Groep by 57.3% in the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 782 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of ING Groep in the second quarter valued at about $41,000. Versant Capital Management Inc bought a new stake in shares of ING Groep in the fourth quarter valued at about $45,000. Finally, Hexagon Capital Partners LLC raised its holdings in ING Groep by 22.3% during the third quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 706 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Groep Price Performance

NYSE:ING opened at $15.56 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock’s 50 day moving average price is $15.67 and its two-hundred day moving average price is $16.98. The firm has a market capitalization of $54.43 billion, a price-to-earnings ratio of 6.98, a P/E/G ratio of 5.97 and a beta of 1.47. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72.

ING Groep Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th will be paid a $0.1667 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a yield of 6.4%. ING Groep’s dividend payout ratio is 12.56%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Finally, Citigroup raised ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th.

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.