ING Groep (NYSE:ING) Holdings Decreased by Captrust Financial Advisors

Captrust Financial Advisors reduced its stake in shares of ING Groep (NYSE:ING - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,580 shares of the financial services provider's stock after selling 13,709 shares during the quarter. Captrust Financial Advisors' holdings in ING Groep were worth $808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp raised its position in ING Groep by 48.2% in the fourth quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock worth $65,205,000 after acquiring an additional 1,353,054 shares in the last quarter. Natixis Advisors LLC raised its position in ING Groep by 2.3% in the fourth quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider's stock worth $52,989,000 after acquiring an additional 74,771 shares in the last quarter. Todd Asset Management LLC raised its position in ING Groep by 1.6% in the fourth quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider's stock worth $43,436,000 after acquiring an additional 42,851 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in ING Groep by 7.4% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,774,430 shares of the financial services provider's stock worth $27,806,000 after acquiring an additional 121,620 shares in the last quarter. Finally, Causeway Capital Management LLC raised its position in ING Groep by 38.8% in the fourth quarter. Causeway Capital Management LLC now owns 1,491,567 shares of the financial services provider's stock worth $23,373,000 after acquiring an additional 416,762 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Groep Price Performance

NYSE ING opened at $21.18 on Friday. The stock's 50-day moving average price is $19.44 and its two-hundred day moving average price is $17.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The company has a market cap of $74.07 billion, a PE ratio of 9.89, a PEG ratio of 6.42 and a beta of 1.15. ING Groep has a 1 year low of $15.09 and a 1 year high of $21.22.

ING Groep (NYSE:ING - Get Free Report) last posted its quarterly earnings data 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). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $5.74 billion. On average, analysts predict that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

The firm also recently announced 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 boost from ING Groep's previous semi-annual dividend of $0.17. ING Groep's payout ratio is 64.45%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Cfra Research upgraded shares of ING Groep from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company 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.

Want to see what other hedge funds are holding ING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ING Groep (NYSE:ING - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.