Tudor Investment Corp ET AL Sells 52,010 Shares of ING Group, N.V. $ING

Key Points

• Tudor Investment Corp cut its ING stake by 81.7% in Q3, selling 52,010 shares and leaving 11,667 shares worth about $304,000.
• Analyst sentiment is mixed-but-positive: the consensus rating is "Moderate Buy" after recent upgrades (including Deutsche Bank and Zacks), with 2 Strong Buy, 4 Buy and 3 Hold ratings.
• ING declared a dividend of $0.8796 payable May 1 to holders of record April 17 (ex-dividend date April 17); the article reports a dividend yield of 589.0% and a payout ratio of 62.34%.

Tudor Investment Corp ET AL reduced its position in shares of ING Group, N.V. (NYSE:ING - Free Report) by 81.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,667 shares of the financial services provider's stock after selling 52,010 shares during the quarter. Tudor Investment Corp ET AL's holdings in ING Group were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ING. Abound Wealth Management lifted its holdings in ING Group by 2,757.6% in the 3rd quarter. Abound Wealth Management now owns 943 shares of the financial services provider's stock worth $25,000 after buying an additional 910 shares during the period. Binnacle Investments Inc increased its position in ING Group by 57.0% during the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 395 shares during the period. Salomon & Ludwin LLC raised its holdings in ING Group by 2,440.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,245 shares of the financial services provider's stock worth $32,000 after purchasing an additional 1,196 shares in the last quarter. Root Financial Partners LLC bought a new position in ING Group in the 3rd quarter worth $34,000. Finally, Rexford Capital Inc. purchased a new stake in shares of ING Group in the 2nd quarter worth about $33,000. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ING shares. Weiss Ratings reiterated a "buy (b)" rating on shares of ING Group in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft upgraded shares of ING Group from a "hold" rating to a "buy" rating in a report on Monday, February 2nd. Zacks Research upgraded ING Group from a "hold" rating to a "strong-buy" rating in a report on Monday, February 2nd. Wall Street Zen cut ING Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Finally, Keefe, Bruyette & Woods upgraded ING Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

ING Group Price Performance

ING stock opened at $26.82 on Thursday. The company's fifty day moving average price is $27.97 and its 200-day moving average price is $26.86. ING Group, N.V. has a one year low of $16.47 and a one year high of $31.17. The company has a market capitalization of $78.04 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.85 and a beta of 0.78. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.11 and a current ratio of 1.11.

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

ING Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be issued a $0.8796 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a dividend yield of 589.0%. ING Group's dividend payout ratio (DPR) is 62.34%.

ING Group Company 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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