ING Group, N.V. (NYSE:ING) Shares Sold by Todd Asset Management LLC

Key Points

• Todd Asset Management LLC reduced its stake in ING Group, N.V. by 0.6%, holding 2,755,212 shares worth approximately $53.98 million now.
• ING Group reported $0.64 EPS for the last quarter, surpassing analysts' expectations of $0.59, with a revenue of $6.55 billion.
• The company declared a semi-annual dividend of $0.4002 per share, with a dividend yield of 450.0% for stockholders of record by August 11th.

Todd Asset Management LLC reduced its position in ING Group, N.V. (NYSE:ING - Free Report) by 0.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,755,212 shares of the financial services provider's stock after selling 16,729 shares during the quarter. ING Group comprises about 1.3% of Todd Asset Management LLC's holdings, making the stock its 19th largest position. Todd Asset Management LLC owned approximately 0.08% of ING Group worth $53,975,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ING. Legacy Advisors LLC acquired a new position in ING Group in the 1st quarter valued at $28,000. SBI Securities Co. Ltd. grew its stake in shares of ING Group by 135.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider's stock worth $31,000 after purchasing an additional 912 shares during the period. Redwood Investments LLC acquired a new position in shares of ING Group during the 4th quarter worth $41,000. Olde Wealth Management LLC acquired a new position in shares of ING Group during the 1st quarter worth $55,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of ING Group by 21.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,085 shares of the financial services provider's stock worth $100,000 after purchasing an additional 897 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ING. Cfra Research raised shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Barclays raised shares of ING Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 15th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ING Group presently has an average rating of "Moderate Buy".

ING Group Price Performance

Shares of ING Group stock traded down $0.12 on Friday, hitting $24.85. The company's stock had a trading volume of 1,226,009 shares, compared to its average volume of 2,755,985. ING Group, N.V. has a 52-week low of $15.09 and a 52-week high of $25.11. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.83. The firm has a fifty day moving average price of $22.51 and a 200-day moving average price of $20.26. The company has a market capitalization of $78.20 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.78 and a beta of 1.14.

ING Group (NYSE:ING - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. ING Group had a net margin of 27.28% and a return on equity of 11.62%. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.40 billion. On average, equities research analysts expect that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 11th will be given a $0.4002 dividend. The ex-dividend date is Monday, August 11th. This represents a dividend yield of 450.0%. ING Group's payout ratio is currently 31.80%.

ING Group 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.