OLD National Bancorp IN reduced its stake in shares of ING Groep (NYSE:ING – Free Report) by 18.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 15,513 shares of the financial services provider’s stock after selling 3,560 shares during the period. OLD National Bancorp IN’s holdings in ING Groep were worth $282,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Beverly Hills Private Wealth LLC raised its holdings in ING Groep by 4.7% during the second quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 602 shares during the last quarter. Gallacher Capital Management LLC boosted its position in shares of ING Groep by 2.8% in the 1st quarter. Gallacher Capital Management LLC now owns 21,892 shares of the financial services provider’s stock worth $361,000 after buying an additional 604 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in ING Groep by 3.8% in the 2nd quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 637 shares during the last quarter. Pzena Investment Management LLC grew its stake in ING Groep by 1.2% in the 2nd quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock valued at $922,000 after acquiring an additional 640 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in ING Groep by 67.8% during the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 662 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.
ING Groep Stock Performance
Shares of ING opened at $16.73 on Thursday. ING Groep has a 1 year low of $12.44 and a 1 year high of $18.72. The company’s 50 day simple moving average is $17.78 and its 200 day simple moving average is $17.45. The company has a market capitalization of $58.52 billion, a price-to-earnings ratio of 7.40 and a beta of 1.52. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.12 and a current ratio of 0.95.
ING Groep Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, August 8th were paid a $0.8143 dividend. This represents a yield of 5.9%. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. The ex-dividend date of this dividend was Thursday, August 8th. ING Groep’s dividend payout ratio (DPR) is presently 28.32%.
Wall Street Analyst Weigh In
ING has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Citigroup raised ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Barclays downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday.
Check Out Our Latest Report on ING
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.
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