Blue Trust Inc. Sells 9,776 Shares of ING Groep (NYSE:ING)

Blue Trust Inc. trimmed its stake in ING Groep (NYSE:ING) by 45.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,560 shares of the financial services provider’s stock after selling 9,776 shares during the period. Blue Trust Inc.’s holdings in ING Groep were worth $181,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Fortitude Family Office LLC bought a new position in shares of ING Groep during the third quarter worth about $25,000. Brooklyn Investment Group lifted its position in shares of ING Groep by 184.8% in the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,207 shares during the last quarter. Versant Capital Management Inc acquired a new stake in ING Groep during the 4th quarter worth approximately $45,000. Brown Brothers Harriman & Co. bought a new position in ING Groep during the 3rd quarter worth $91,000. Finally, Raymond James Trust N.A. bought a new position in ING Groep during the 3rd quarter worth $185,000. 4.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th.

ING Groep Stock Up 1.2 %

Shares of NYSE:ING opened at $17.24 on Friday. The company has a market capitalization of $60.29 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 6.50 and a beta of 1.46. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50-day moving average is $16.19 and its 200-day moving average is $16.72. ING Groep has a 1 year low of $13.57 and a 1 year high of $18.72.

ING Groep (NYSE:ING) last issued its earnings results on Thursday, February 6th. The financial services provider reported $0.39 EPS 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%. Equities research analysts predict that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

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

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.