ING Group, N.V. $ING Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors cut its stake in ING by 21.3% in Q4, selling 207,553 shares and finishing the period with 769,078 shares valued at $21.53 million.
• ING beat Q4 estimates, reporting $0.56 EPS versus $0.50 expected and $6.80 billion in revenue versus $6.67 billion, with a 27.5% net margin and 12.05% return on equity.
• The company declared a $0.8796 dividend payable May 1 (record/ex-dividend date April 17), and analysts’ consensus rating sits at a Moderate Buy after several recent upgrades.

Cambiar Investors LLC lowered its holdings in ING Group, N.V. (NYSE:ING - Free Report) by 21.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 769,078 shares of the financial services provider's stock after selling 207,553 shares during the period. Cambiar Investors LLC's holdings in ING Group were worth $21,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in ING Group by 7.3% during the 2nd quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider's stock worth $191,681,000 after acquiring an additional 593,424 shares in the last quarter. Northern Trust Corp grew its holdings in ING Group by 1.7% during the 3rd quarter. Northern Trust Corp now owns 4,456,398 shares of the financial services provider's stock worth $116,223,000 after acquiring an additional 73,959 shares in the last quarter. Todd Asset Management LLC grew its holdings in ING Group by 1.0% during the 3rd quarter. Todd Asset Management LLC now owns 2,795,403 shares of the financial services provider's stock worth $72,904,000 after acquiring an additional 26,639 shares in the last quarter. Citigroup Inc. grew its holdings in ING Group by 249.9% during the 3rd quarter. Citigroup Inc. now owns 2,047,717 shares of the financial services provider's stock worth $53,404,000 after acquiring an additional 1,462,527 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in ING Group by 4.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,990,736 shares of the financial services provider's stock worth $51,918,000 after acquiring an additional 82,340 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company's stock.

ING Group Trading Up 0.2%

Shares of ING Group stock opened at $28.71 on Friday. The company has a fifty day simple moving average of $27.71 and a 200-day simple moving average of $26.96. ING Group, N.V. has a 12-month low of $17.69 and a 12-month high of $31.17. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The stock has a market cap of $83.54 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.94 and a beta of 0.80.

ING Group (NYSE:ING - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. The firm had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.67 billion. ING Group had a net margin of 27.50% and a return on equity of 12.05%. On average, equities analysts forecast that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be issued a $0.8796 dividend. This represents a dividend yield of 589.0%. The ex-dividend date is Friday, April 17th. ING Group's dividend payout ratio (DPR) is currently 28.87%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of ING Group from a "hold" rating to a "buy" rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, March 26th. Weiss Ratings restated a "buy (b)" rating on shares of ING Group in a report on Monday, December 29th. Morgan Stanley restated an "equal weight" rating on shares of ING Group in a report on Monday, March 23rd. Finally, Jefferies Financial Group assumed coverage on shares of ING Group in a report on Tuesday, January 27th. They issued a "hold" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, ING Group currently has an average rating of "Moderate Buy".

ING Group Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING's principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.

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