Blue Trust Inc. Grows Holdings in ING Groep (NYSE:ING)

Blue Trust Inc. raised its position in ING Groep (NYSE:ING) by 54.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,953 shares of the financial services provider’s stock after buying an additional 11,617 shares during the period. Blue Trust Inc.’s holdings in ING Groep were worth $516,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ING. Natixis Advisors LLC boosted its holdings in ING Groep by 71.3% in the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after purchasing an additional 1,376,713 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of ING Groep during the 3rd quarter valued at approximately $9,924,000. Mediolanum International Funds Ltd purchased a new position in shares of ING Groep during the 3rd quarter valued at approximately $7,972,000. Fisher Asset Management LLC grew its position in shares of ING Groep by 0.6% during the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock worth $1,243,072,000 after buying an additional 429,562 shares in the last quarter. Finally, Benson Investment Management Company Inc. bought a new stake in shares of ING Groep in the third quarter worth $5,204,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ING Groep Trading Up 0.3 %

NYSE ING opened at $16.80 on Friday. The firm has a market capitalization of $58.75 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 6.10 and a beta of 1.47. ING Groep has a one year low of $12.77 and a one year high of $18.72. The company has a 50-day simple moving average of $15.79 and a 200-day simple moving average of $16.86. 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 (NYSE:ING) last posted 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 period last year, the company posted $0.61 earnings per share. On average, equities analysts forecast that ING Groep will post 2.09 earnings per share for the current year.

ING Groep Cuts Dividend

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