ING Groep (NYSE:ING) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC trimmed its stake in shares of ING Groep (NYSE:ING - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,367,082 shares of the financial services provider's stock after selling 343,269 shares during the period. Cambiar Investors LLC's holdings in ING Groep were worth $20,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of ING Groep by 64.0% during the first quarter. Bank of America Corp DE now owns 6,579,854 shares of the financial services provider's stock worth $78,103,000 after buying an additional 2,567,427 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of ING Groep by 4,412.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,823,310 shares of the financial services provider's stock valued at $19,017,000 after purchasing an additional 1,782,900 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of ING Groep by 27.1% in the second quarter. Goldman Sachs Group Inc. now owns 7,851,043 shares of the financial services provider's stock valued at $77,882,000 after purchasing an additional 1,673,262 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of ING Groep in the first quarter valued at about $9,905,000. Finally, JPMorgan Chase & Co. boosted its stake in ING Groep by 934.1% during the third quarter. JPMorgan Chase & Co. now owns 914,504 shares of the financial services provider's stock worth $12,053,000 after buying an additional 826,067 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Groep Trading Up 0.5 %

ING stock traded up $0.09 during mid-day trading on Friday, hitting $16.87. 3,030,626 shares of the company were exchanged, compared to its average volume of 2,775,780. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $62.87 billion, a P/E ratio of 7.63, a PEG ratio of 2.97 and a beta of 1.58. The business has a fifty day simple moving average of $14.58 and a 200-day simple moving average of $14.09. ING Groep has a 12-month low of $11.78 and a 12-month high of $17.10.

ING Groep (NYSE:ING - Get Free Report) last announced its earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $5.82 billion for the quarter, compared to analysts' expectations of $6.15 billion. ING Groep had a return on equity of 13.36% and a net margin of 32.29%. On average, equities research analysts predict that ING Groep will post 1.94 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 25th will be paid a dividend of $0.697 per share. This represents a yield of 6.8%. The ex-dividend date is Wednesday, April 24th. This is a positive change from ING Groep's previous Semi-Annual dividend of $0.43. ING Groep's dividend payout ratio (DPR) is 29.41%.

ING Groep 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.