BNP Paribas Financial Markets Cuts Stock Position in ING Groep (NYSE:ING)

BNP Paribas Financial Markets lowered its stake in shares of ING Groep (NYSE:ING - Free Report) by 92.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,746 shares of the financial services provider's stock after selling 46,378 shares during the quarter. BNP Paribas Financial Markets' holdings in ING Groep were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Keel Point LLC acquired a new stake in ING Groep in the fourth quarter worth about $157,000. Jane Street Group LLC raised its stake in shares of ING Groep by 333.0% in the fourth quarter. Jane Street Group LLC now owns 193,060 shares of the financial services provider's stock worth $3,025,000 after purchasing an additional 148,476 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in shares of ING Groep by 39.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 21,632 shares of the financial services provider's stock worth $339,000 after purchasing an additional 6,161 shares during the last quarter. Lido Advisors LLC raised its stake in shares of ING Groep by 15.7% in the fourth quarter. Lido Advisors LLC now owns 22,496 shares of the financial services provider's stock worth $353,000 after purchasing an additional 3,049 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of ING Groep by 48.2% in the fourth quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock worth $65,205,000 after purchasing an additional 1,353,054 shares during the last quarter. Institutional investors own 4.49% of the company's stock.

ING Groep Stock Performance

ING stock traded up $0.07 during trading on Friday, hitting $21.21. 1,620,317 shares of the company traded hands, compared to its average volume of 2,288,892. The stock's 50-day simple moving average is $19.77 and its 200 day simple moving average is $17.93. 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 company has a market cap of $74.18 billion, a PE ratio of 9.91, a P/E/G ratio of 6.42 and a beta of 1.15. ING Groep has a 1 year low of $15.09 and a 1 year high of $21.76.

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

ING Groep Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a dividend of $0.6526 per share. This is a boost from ING Groep's previous semi-annual dividend of $0.17. This represents a yield of 5.1%. The ex-dividend date was Friday, April 25th. ING Groep's dividend payout ratio (DPR) is currently 64.45%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ING shares. The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Cfra Research upgraded ING Groep from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ING Groep currently has an average rating of "Moderate Buy".

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.