Bailard Inc. Raises Stock Holdings in ING Groep (NYSE:ING)

Bailard Inc. lifted its stake in ING Groep (NYSE:ING) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,478 shares of the financial services provider’s stock after purchasing an additional 935 shares during the quarter. Bailard Inc.’s holdings in ING Groep were worth $556,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in ING Groep by 77.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 22,544 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 9,819 shares in the last quarter. US Bancorp DE raised its holdings in shares of ING Groep by 1.5% in the 4th quarter. US Bancorp DE now owns 170,021 shares of the financial services provider’s stock valued at $2,664,000 after buying an additional 2,513 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of ING Groep by 18.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 92,045 shares of the financial services provider’s stock valued at $1,442,000 after purchasing an additional 14,476 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of ING Groep in the fourth quarter worth $55,000. Finally, Todd Asset Management LLC increased its holdings in ING Groep by 1.6% during the 4th quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider’s stock worth $43,436,000 after purchasing an additional 42,851 shares during the period. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th.

ING Groep Trading Up 0.5 %

NYSE ING opened at $18.48 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The firm has a 50-day moving average price of $16.56 and a 200 day moving average price of $16.76. ING Groep has a 52-week low of $14.13 and a 52-week high of $18.90. The stock has a market capitalization of $64.63 billion, a P/E ratio of 8.63, a P/E/G ratio of 6.42 and a beta of 1.46.

ING Groep (NYSE:ING) last posted 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 return on equity of 11.81% and a net margin of 28.30%. Equities research analysts expect that ING Groep will post 2.14 EPS for the current year.

ING Groep Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were issued a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s dividend payout ratio (DPR) is 29.91%.

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.