Paradigm Asset Management Co. LLC Has $81,000 Stock Position in ING Groep (NYSE:ING)

Paradigm Asset Management Co. LLC reduced its holdings in shares of ING Groep (NYSE:ING) by 11.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,200 shares of the financial services provider’s stock after selling 700 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in ING Groep were worth $81,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ING. Fortitude Family Office LLC acquired a new stake in shares of ING Groep in the third quarter valued at about $25,000. Roxbury Financial LLC bought a new position in ING Groep in the fourth quarter valued at approximately $25,000. Brooklyn Investment Group increased 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 purchasing an additional 1,207 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of ING Groep during the 4th quarter worth approximately $45,000. Finally, Sierra Ocean LLC acquired a new stake in shares of ING Groep in the 4th quarter valued at approximately $65,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th.

ING Groep Trading Down 0.6 %

ING Groep stock opened at $17.12 on Friday. The stock has a 50-day simple moving average of $16.23 and a 200 day simple moving average of $16.72. The stock has a market capitalization of $59.87 billion, a P/E ratio of 8.00, a PEG ratio of 6.42 and a beta of 1.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a 52 week low of $13.57 and a 52 week high of $18.72.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Analysts expect that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were given a dividend of $0.1667 per share. The ex-dividend date was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s dividend payout ratio (DPR) is 30.37%.

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.