Aristotle Capital Management LLC Lowers Position in ING Groep (NYSE:ING)

Aristotle Capital Management LLC trimmed its position in ING Groep (NYSE:ING - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,018,916 shares of the financial services provider's stock after selling 222,200 shares during the quarter. Aristotle Capital Management LLC owned approximately 0.20% of ING Groep worth $109,986,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Huntington National Bank raised its stake in ING Groep by 1.7% in the fourth quarter. Huntington National Bank now owns 35,030 shares of the financial services provider's stock valued at $549,000 after buying an additional 597 shares in the last quarter. IFP Advisors Inc raised its position in shares of ING Groep by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock worth $48,000 after acquiring an additional 621 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in ING Groep by 20.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock worth $62,000 after purchasing an additional 665 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in ING Groep by 1.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider's stock valued at $651,000 after purchasing an additional 716 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in ING Groep by 5.2% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider's stock valued at $229,000 after purchasing an additional 722 shares during the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Stock Performance

Shares of ING traded up $0.13 during mid-day trading on Thursday, reaching $20.22. 1,273,361 shares of the company's stock were exchanged, compared to its average volume of 2,270,180. The business's fifty day simple moving average is $19.26 and its 200-day simple moving average is $17.26. ING Groep has a 52-week low of $15.09 and a 52-week high of $20.79. The stock has a market capitalization of $70.73 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13.

ING Groep (NYSE:ING - Get Free Report) last announced its earnings results on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. The business had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $5.74 billion. On average, equities research analysts expect that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a $0.6526 dividend. This is an increase from ING Groep's previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, April 25th. ING Groep's dividend payout ratio (DPR) is 61.61%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ING. Cfra Research upgraded shares of ING Groep from a "moderate sell" rating to a "hold" rating in a report on Tuesday. The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

About ING Groep

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.