ING Groep (NYSE:ING) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC lowered its stake in shares of ING Groep (NYSE:ING) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,299 shares of the financial services provider’s stock after selling 699 shares during the period. Global Retirement Partners LLC’s holdings in ING Groep were worth $67,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State Street Corp boosted its stake in ING Groep by 1.3% in the 3rd quarter. State Street Corp now owns 358,479 shares of the financial services provider’s stock worth $6,510,000 after buying an additional 4,542 shares during the last quarter. ABC Arbitrage SA acquired a new stake in ING Groep in the 4th quarter worth about $10,129,000. Crossmark Global Holdings Inc. boosted its stake in ING Groep by 30.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock worth $4,849,000 after buying an additional 62,801 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in ING Groep in the 3rd quarter worth about $2,428,000. Finally, Natixis Advisors LLC boosted its stake in ING Groep by 71.3% in the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after buying an additional 1,376,713 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Performance

ING Groep stock opened at $17.73 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a 12 month low of $13.64 and a 12 month high of $18.72. The company has a market cap of $62.01 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 6.42 and a beta of 1.46. The stock’s 50-day moving average is $16.45 and its 200-day moving average is $16.75.

ING Groep (NYSE:ING) last issued its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. Equities analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

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

Analysts Set New Price Targets

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

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.