Dynamic Advisor Solutions LLC Sells 31,027 Shares of ING Groep (NYSE:ING)

Dynamic Advisor Solutions LLC lowered its position in shares of ING Groep (NYSE:ING) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,363 shares of the financial services provider’s stock after selling 31,027 shares during the period. Dynamic Advisor Solutions LLC’s holdings in ING Groep were worth $2,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ING. Fortitude Family Office LLC bought a new position in ING Groep during the 3rd quarter worth $25,000. Brooklyn Investment Group boosted its position in shares of ING Groep by 184.8% during the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,207 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of ING Groep by 57.3% in the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 782 shares in the last quarter. Versant Capital Management Inc acquired a new stake in ING Groep in the fourth quarter valued at about $45,000. Finally, Hexagon Capital Partners LLC grew its holdings in shares of ING Groep by 22.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 706 shares during the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Groep Trading Up 0.2 %

NYSE ING opened at $16.77 on Friday. 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 has a 52 week low of $12.77 and a 52 week high of $18.72. The business has a 50 day moving average price of $15.73 and a 200-day moving average price of $16.90. The company has a market cap of $58.65 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 6.10 and a beta of 1.47.

ING Groep (NYSE:ING) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.65 EPS for the quarter. The business had revenue of $6.49 billion during the quarter. ING Groep had a net margin of 30.06% and a return on equity of 12.49%. During the same quarter last year, the firm posted $0.61 EPS. As a group, equities analysts expect that ING Groep will post 2.09 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Investors of record on Monday, January 13th were given a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s payout ratio is 28.70%.

Wall Street Analyst Weigh In

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

About ING Groep

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.