Capital Fund Management S.A. Cuts Stock Holdings in ING Groep (NYSE:ING)

Capital Fund Management S.A. trimmed its position in ING Groep (NYSE:ING - Free Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 440,146 shares of the financial services provider's stock after selling 42,767 shares during the period. Capital Fund Management S.A.'s holdings in ING Groep were worth $6,897,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Roxbury Financial LLC purchased a new position in shares of ING Groep in the fourth quarter worth approximately $25,000. Brooklyn Investment Group raised its position in ING Groep by 184.8% in the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,207 shares during the period. Versant Capital Management Inc purchased a new position in shares of ING Groep during the 4th quarter worth $45,000. IFP Advisors Inc grew 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 valued at $48,000 after acquiring an additional 621 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of ING Groep in the 4th quarter worth $55,000. 4.49% of the stock is currently owned by institutional investors.

ING Groep Price Performance

NYSE:ING traded up $0.09 during trading hours on Friday, hitting $18.65. 2,215,257 shares of the stock traded hands, compared to its average volume of 2,322,568. The company has a market cap of $65.22 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. ING Groep has a 1 year low of $15.09 and a 1 year high of $20.79. The stock has a 50 day moving average price of $18.61 and a 200 day moving average price of $17.06. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING - Get Free Report) last released 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%. Sell-side analysts forecast that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.6526 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a dividend yield of 5.1%. This is a boost from ING Groep's previous semi-annual dividend of $0.17. ING Groep's dividend payout ratio (DPR) is currently 60.75%.

Analysts Set New Price Targets

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