Todd Asset Management LLC Raises Stock Position in ING Groep (NYSE:ING)

Todd Asset Management LLC boosted its holdings in shares of ING Groep (NYSE:ING) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,771,941 shares of the financial services provider’s stock after buying an additional 42,851 shares during the quarter. Todd Asset Management LLC owned approximately 0.08% of ING Groep worth $43,436,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in ING Groep by 0.6% in the third 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 acquiring an additional 429,562 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of ING Groep by 71.3% during the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after purchasing an additional 1,376,713 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of ING Groep by 1.7% during the third quarter. HighTower Advisors LLC now owns 948,188 shares of the financial services provider’s stock worth $17,180,000 after purchasing an additional 15,964 shares in the last quarter. Raymond James & Associates increased its stake in shares of ING Groep by 49.7% during the third quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock worth $14,431,000 after purchasing an additional 263,904 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of ING Groep during the fourth quarter worth about $10,129,000. 4.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ING Groep Stock Up 0.3 %

ING stock opened at $17.17 on Tuesday. The company has a market cap of $60.05 billion, a P/E ratio of 8.02, a P/E/G ratio of 6.42 and a beta of 1.46. ING Groep has a 52 week low of $13.57 and a 52 week high of $18.72. The company’s 50-day moving average price is $16.26 and its 200 day moving average price is $16.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share 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%. On average, research analysts expect that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were paid a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio (DPR) is presently 29.91%.

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.