ING Groep (NYSE:ING) Stock Position Reduced by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in ING Groep (NYSE:ING - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,595 shares of the financial services provider's stock after selling 62,414 shares during the quarter. Nuveen Asset Management LLC's holdings in ING Groep were worth $3,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of ING Groep in the fourth quarter valued at approximately $14,375,000. Oppenheimer Asset Management Inc. grew its holdings in ING Groep by 18.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 92,045 shares of the financial services provider's stock worth $1,442,000 after acquiring an additional 14,476 shares during the period. ABC Arbitrage SA acquired a new position in ING Groep during the fourth quarter worth $10,129,000. Y Intercept Hong Kong Ltd grew its holdings in ING Groep by 97.4% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 51,922 shares of the financial services provider's stock worth $814,000 after acquiring an additional 25,624 shares during the period. Finally, Boston Partners grew its holdings in ING Groep by 33.2% during the fourth quarter. Boston Partners now owns 166,401 shares of the financial services provider's stock worth $2,614,000 after acquiring an additional 41,457 shares during the period. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Groep Price Performance

Shares of NYSE:ING traded up $0.09 on Thursday, hitting $21.15. The company had a trading volume of 3,141,955 shares, compared to its average volume of 2,288,861. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 52-week low of $15.09 and a 52-week high of $21.76. The business has a 50 day moving average of $19.74 and a 200 day moving average of $17.90. The company has a market cap of $74.00 billion, a PE ratio of 9.89, a PEG ratio of 6.42 and a beta of 1.15.

ING Groep (NYSE:ING - Get Free Report) last released its 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 business had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%. As a group, equities analysts anticipate that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

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

Analyst Upgrades and Downgrades

ING has been the topic of a number of recent analyst reports. Cfra Research raised ING Groep from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. The Goldman Sachs Group raised ING Groep from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ING Groep presently has an average rating of "Moderate Buy".

ING Groep 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.