Two Sigma Investments LP cut its holdings in shares of ING Groep NV (NYSE:ING) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,241,815 shares of the financial services provider’s stock after selling 270,851 shares during the quarter. Two Sigma Investments LP’s holdings in ING Groep were worth $22,924,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC grew its position in ING Groep by 4.7% in the fourth quarter. Fisher Asset Management LLC now owns 39,991,232 shares of the financial services provider’s stock valued at $738,238,000 after acquiring an additional 1,813,102 shares during the period. Chevy Chase Trust Holdings Inc. bought a new stake in shares of ING Groep during the third quarter worth $22,685,000. Assetmark Inc. grew its holdings in shares of ING Groep by 5,421.5% during the third quarter. Assetmark Inc. now owns 711,665 shares of the financial services provider’s stock worth $13,109,000 after purchasing an additional 698,776 shares during the last quarter. Guardian Capital LP bought a new stake in shares of ING Groep during the third quarter worth $10,210,000. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of ING Groep by 9.7% during the third quarter. Parametric Portfolio Associates LLC now owns 2,974,651 shares of the financial services provider’s stock worth $54,793,000 after purchasing an additional 262,142 shares during the last quarter. Institutional investors own 3.22% of the company’s stock.
Shares of ING Groep stock traded down $0.15 during trading hours on Friday, hitting $16.80. The company’s stock had a trading volume of 3,772,717 shares, compared to its average volume of 2,967,397. ING Groep NV has a 12 month low of $14.55 and a 12 month high of $20.58. The company has a market capitalization of $65,864.14, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 1.38 and a beta of 1.36. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.09 and a quick ratio of 1.09.
ING Groep (NYSE:ING) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $5.14 billion during the quarter. ING Groep had a return on equity of 10.22% and a net margin of 27.70%. equities analysts anticipate that ING Groep NV will post 1.71 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 26th will be issued a dividend of $0.5344 per share. The ex-dividend date is Wednesday, April 25th. This is an increase from ING Groep’s previous semiannual dividend of $0.45. This represents a dividend yield of 5.77%. ING Groep’s dividend payout ratio (DPR) is presently 42.36%.
Several equities analysts have recently issued reports on ING shares. ValuEngine lowered ING Groep from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered ING Groep from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, UBS reissued a “buy” rating on shares of ING Groep in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ING Groep currently has an average rating of “Buy” and an average target price of $18.00.
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ING Groep Company Profile
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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