Scotia Capital Inc. Sells 190,401 Shares of ING Groep (NYSE:ING)

Scotia Capital Inc. lowered its position in shares of ING Groep (NYSE:ING - Free Report) by 90.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,047 shares of the financial services provider's stock after selling 190,401 shares during the period. Scotia Capital Inc.'s holdings in ING Groep were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Huntington National Bank boosted its stake in ING Groep by 1.7% in the fourth quarter. Huntington National Bank now owns 35,030 shares of the financial services provider's stock worth $549,000 after buying an additional 597 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of ING Groep by 25.1% in the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock worth $48,000 after buying an additional 621 shares during the period. SRS Capital Advisors Inc. boosted its holdings in 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 valued at $62,000 after acquiring an additional 665 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in ING Groep by 1.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider's stock worth $651,000 after acquiring an additional 716 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in ING Groep by 5.2% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider's stock worth $229,000 after acquiring an additional 722 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Trading Up 0.5 %

Shares of NYSE ING traded up $0.09 during trading hours on Friday, hitting $18.65. The company's stock had a trading volume of 2,215,257 shares, compared to its average volume of 2,302,746. The business has a 50-day simple moving average of $18.65 and a 200-day simple moving average of $17.06. The stock has a market cap of $65.22 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 6.42 and a beta of 1.07. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79.

ING Groep (NYSE:ING - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. On average, analysts anticipate that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $0.6526 dividend. This is an increase from ING Groep's previous semi-annual dividend of $0.17. This represents a yield of 5.1%. The ex-dividend date is Friday, April 25th. ING Groep's dividend payout ratio is presently 60.75%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ING Groep presently has a consensus 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.