ING Groep (NYSE:ING) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC reduced its position in ING Groep (NYSE:ING) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 223,057 shares of the financial services provider’s stock after selling 24,296 shares during the quarter. Boston Common Asset Management LLC’s holdings in ING Groep were worth $3,495,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in shares of ING Groep by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock valued at $1,243,072,000 after buying an additional 429,562 shares during the period. Natixis Advisors LLC boosted its stake in shares of 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 valued at $60,051,000 after buying an additional 1,376,713 shares during the period. American Century Companies Inc. boosted its stake in shares of ING Groep by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 1,124,581 shares of the financial services provider’s stock valued at $19,275,000 after buying an additional 60,908 shares during the period. HighTower Advisors LLC boosted its stake in shares of ING Groep by 1.7% in the 3rd quarter. HighTower Advisors LLC now owns 948,188 shares of the financial services provider’s stock valued at $17,180,000 after buying an additional 15,964 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of ING Groep by 49.7% in the 3rd quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock valued at $14,431,000 after buying an additional 263,904 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ING has been the subject of several recent analyst reports. Citigroup upgraded ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th.

ING Groep Trading Down 0.9 %

ING opened at $16.30 on Friday. The firm has a market cap of $57.03 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 5.80 and a beta of 1.47. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The business’s 50 day moving average is $15.63 and its two-hundred day moving average is $16.95. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th will be given a dividend of $0.1667 per share. This represents a yield of 6.4%. The ex-dividend date is Monday, January 13th. ING Groep’s dividend payout ratio (DPR) is 12.56%.

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.