Hennion & Walsh Asset Management Inc. Sells 29,153 Shares of ING Group, N.V. $ING

Hennion & Walsh Asset Management Inc. lowered its stake in ING Group, N.V. (NYSE:ING) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 190,638 shares of the financial services provider’s stock after selling 29,153 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in ING Group were worth $5,338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ING. Amundi bought a new stake in shares of ING Group in the 1st quarter valued at about $760,000. AQR Capital Management LLC grew its holdings in ING Group by 27.0% during the first quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider’s stock worth $1,709,000 after purchasing an additional 18,562 shares during the period. Integrated Wealth Concepts LLC increased its position in ING Group by 5.4% during the first quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider’s stock worth $418,000 after buying an additional 1,094 shares during the last quarter. Sivia Capital Partners LLC increased its position in ING Group by 19.5% during the second quarter. Sivia Capital Partners LLC now owns 16,823 shares of the financial services provider’s stock worth $368,000 after buying an additional 2,745 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in ING Group by 25.2% in the second quarter. JPMorgan Chase & Co. now owns 1,314,705 shares of the financial services provider’s stock valued at $28,753,000 after buying an additional 264,858 shares during the period. Institutional investors own 4.49% of the company’s stock.

ING Group Price Performance

ING Group stock opened at $24.77 on Tuesday. The firm has a market cap of $72.10 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.81 and a beta of 0.78. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s fifty day moving average price is $28.05 and its two-hundred day moving average price is $26.85. ING Group, N.V. has a one year low of $16.47 and a one year high of $31.17.

ING Group (NYSE:ING) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.67 billion. ING Group had a net margin of 27.50% and a return on equity of 12.05%. As a group, research analysts expect that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be given a dividend of $0.8796 per share. The ex-dividend date is Friday, April 17th. This represents a yield of 589.0%. ING Group’s payout ratio is currently 28.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods raised ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Jefferies Financial Group started coverage on shares of ING Group in a report on Tuesday, January 27th. They issued a “hold” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research report on Monday, December 29th. Zacks Research upgraded shares of ING Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

ING Group Company Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.