Public Employees Retirement System of Ohio Sells 63,661 Shares of ING Groep (NYSE:ING)

Public Employees Retirement System of Ohio cut its position in shares of ING Groep (NYSE:ING - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 482,822 shares of the financial services provider's stock after selling 63,661 shares during the quarter. Public Employees Retirement System of Ohio's holdings in ING Groep were worth $7,566,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ING. Raymond James Financial Inc. acquired a new position in ING Groep in the 4th quarter valued at $14,375,000. Oppenheimer Asset Management Inc. grew its position in ING Groep by 18.7% during the 4th 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 last quarter. ABC Arbitrage SA bought a new stake in shares of ING Groep in the 4th quarter valued at about $10,129,000. Y Intercept Hong Kong Ltd grew its position in shares of ING Groep by 97.4% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 51,922 shares of the financial services provider's stock valued at $814,000 after buying an additional 25,624 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of ING Groep by 0.8% in the 4th quarter. Royal Bank of Canada now owns 3,946,653 shares of the financial services provider's stock valued at $61,844,000 after buying an additional 31,963 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Groep Price Performance

NYSE ING traded up $0.10 during trading hours on Friday, reaching $21.25. 2,646,551 shares of the stock traded hands, compared to its average volume of 2,284,688. The stock has a 50 day simple moving average of $19.67 and a two-hundred day simple moving average of $17.81. ING Groep has a 1 year low of $15.09 and a 1 year high of $21.76. 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 $74.34 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15.

ING Groep (NYSE:ING - Get Free Report) last posted its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, analysts predict 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 was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.6526 dividend. The ex-dividend date was 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 (DPR) is presently 64.45%.

Analyst Ratings Changes

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 research note on Tuesday, May 6th. The Goldman Sachs Group raised ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Four 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. Based on 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.