Shilanski & Associates Inc. Has $185,000 Stock Position in ING Groep (NYSE:ING)

Shilanski & Associates Inc. cut its holdings in shares of ING Groep (NYSE:ING) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,816 shares of the financial services provider’s stock after selling 708 shares during the quarter. Shilanski & Associates Inc.’s holdings in ING Groep were worth $185,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ING. Valeo Financial Advisors LLC increased its holdings in shares of ING Groep by 6.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 684 shares during the period. Wedmont Private Capital increased its holdings in shares of ING Groep by 6.6% during the third quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock worth $195,000 after buying an additional 688 shares in the last quarter. Hexagon Capital Partners LLC raised its position in ING Groep by 22.3% in 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. Mather Group LLC. raised its holdings in shares of ING Groep by 57.3% in the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after buying an additional 782 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its position in shares of ING Groep by 1.7% during the fourth quarter. Confluence Investment Management LLC now owns 48,238 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 790 shares in the last quarter. 4.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ING Groep Trading Up 2.3 %

NYSE ING opened at $16.73 on Friday. The stock has a 50 day moving average of $15.69 and a 200-day moving average of $16.91. ING Groep has a 12 month low of $12.77 and a 12 month high of $18.72. The company has a market cap of $58.54 billion, a PE ratio of 7.50, a PEG ratio of 6.10 and a beta of 1.47. 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 issued its earnings results on Thursday, October 31st. The financial services provider reported $0.65 EPS for the quarter. The company had revenue of $6.49 billion during the quarter. ING Groep had a return on equity of 12.49% and a net margin of 30.06%. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities research analysts anticipate that ING Groep will post 2.09 EPS 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 dividend of $0.1667 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio (DPR) is currently 29.15%.

ING Groep Company 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.