Vestmark Advisory Solutions Inc. trimmed its stake in shares of ING Groep (NYSE:ING – Free Report) by 16.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,257 shares of the financial services provider’s stock after selling 6,195 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in ING Groep were worth $484,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of ING. Fisher Asset Management LLC increased its position in ING Groep by 8.7% in the fourth quarter. Fisher Asset Management LLC now owns 63,776,162 shares of the financial services provider’s stock worth $957,918,000 after purchasing an additional 5,094,340 shares during the period. Aristotle Capital Management LLC grew its position in shares of ING Groep by 0.3% during the 3rd quarter. Aristotle Capital Management LLC now owns 7,158,995 shares of the financial services provider’s stock worth $94,356,000 after buying an additional 21,110 shares during the period. FMR LLC grew its position in shares of ING Groep by 10.2% during the 3rd quarter. FMR LLC now owns 5,113,296 shares of the financial services provider’s stock worth $67,393,000 after buying an additional 474,505 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of ING Groep by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,799,350 shares of the financial services provider’s stock worth $36,895,000 after buying an additional 98,057 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in ING Groep by 75.4% in the fourth quarter. Natixis Advisors L.P. now owns 1,802,537 shares of the financial services provider’s stock valued at $27,074,000 after buying an additional 774,781 shares during the period. 4.49% of the stock is owned by institutional investors.
ING Groep Price Performance
Shares of ING stock opened at $17.28 on Tuesday. The firm’s 50 day moving average price is $15.79 and its two-hundred day moving average price is $14.54. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.12. ING Groep has a 52-week low of $12.02 and a 52-week high of $17.36. The stock has a market cap of $60.43 billion, a PE ratio of 7.64 and a beta of 1.56.
ING Groep Increases Dividend
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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