Rhumbline Advisers Sells 15,880 Shares of ING Groep (NYSE:ING)

Rhumbline Advisers cut its position in shares of ING Groep (NYSE:ING) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,554 shares of the financial services provider’s stock after selling 15,880 shares during the quarter. Rhumbline Advisers’ holdings in ING Groep were worth $1,168,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group lifted its position in ING Groep by 184.8% during 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 period. Versant Capital Management Inc purchased a new position in ING Groep during the 4th quarter valued at about $45,000. Brown Brothers Harriman & Co. bought a new stake in ING Groep during the third quarter worth about $91,000. Cottonwood Capital Advisors LLC purchased a new stake in ING Groep in the fourth quarter worth about $169,000. Finally, HB Wealth Management LLC purchased a new stake in ING Groep in the fourth quarter worth about $177,000. 4.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

ING Groep Trading Up 5.6 %

ING Groep stock opened at $19.49 on Thursday. ING Groep has a 12 month low of $14.28 and a 12 month high of $19.50. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The business’s fifty day simple moving average is $16.64 and its two-hundred day simple moving average is $16.78. The company has a market capitalization of $68.16 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44.

ING Groep (NYSE:ING) last announced its quarterly 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%. As a group, equities analysts predict that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The company also recently declared 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 of this dividend was Monday, January 13th. ING Groep’s payout ratio is 29.91%.

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.