Aristotle Capital Management LLC Sells 222,200 Shares of ING Groep (NYSE:ING)

Aristotle Capital Management LLC decreased its holdings in shares of ING Groep (NYSE:ING - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 about 0.20% of ING Groep worth $109,986,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Roxbury Financial LLC acquired a new stake in shares of ING Groep in the fourth quarter worth $25,000. Brooklyn Investment Group grew its position in ING Groep by 184.8% in the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock worth $29,000 after purchasing an additional 1,207 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of ING Groep during the 4th quarter worth about $45,000. IFP Advisors Inc raised its position in shares of ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after buying an additional 621 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of ING Groep in the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 4.49% of the company's stock.

ING Groep Stock Up 7.1 %

ING opened at $20.65 on Friday. The company has a market capitalization of $72.24 billion, a P/E ratio of 9.65, a P/E/G ratio of 6.42 and a beta of 1.07. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The firm's fifty day moving average price is $19.11 and its two-hundred day moving average price is $17.20. ING Groep has a fifty-two week low of $15.09 and a fifty-two week high of $20.79.

ING Groep (NYSE:ING - Get Free Report) last posted its earnings results 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, analysts anticipate that ING Groep will post 2.14 EPS 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. Stockholders of record on Friday, April 25th will be issued a $0.6526 dividend. The ex-dividend date is Friday, April 25th. This is a boost from ING Groep's previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. ING Groep's dividend payout ratio is presently 60.75%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, ING Groep currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.