Captrust Financial Advisors Sells 13,709 Shares of ING Groep (NYSE:ING)

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

A number of other hedge funds also recently made changes to their positions in the business. Roxbury Financial LLC acquired a new stake in ING Groep during the fourth quarter worth approximately $25,000. Brooklyn Investment Group boosted its position in shares of ING Groep by 184.8% during the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,207 shares in the last quarter. IFP Advisors Inc boosted its position in shares of ING Groep by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock worth $48,000 after acquiring an additional 621 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of ING Groep during the 4th quarter worth approximately $55,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of ING Groep by 20.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock worth $62,000 after acquiring an additional 665 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Groep Price Performance

NYSE:ING traded down $0.06 on Thursday, hitting $21.39. The company had a trading volume of 631,787 shares, compared to its average volume of 2,264,325. The stock has a market capitalization of $74.81 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 6.42 and a beta of 1.15. 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 firm has a 50 day moving average of $19.53 and a two-hundred day moving average of $17.55. ING Groep has a 52 week low of $15.09 and a 52 week high of $21.76.

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

ING Groep Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a $0.6526 dividend. This is a boost from ING Groep's previous semi-annual dividend of $0.17. This represents a yield of 5.1%. The ex-dividend date was Friday, April 25th. ING Groep's dividend payout ratio is 64.45%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ING. 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 shares of ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Four 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 company's stock. 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.