Bessemer Group Inc. Sells 2,699 Shares of ING Groep (NYSE:ING)

Bessemer Group Inc. lessened its holdings in shares of ING Groep (NYSE:ING) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,669 shares of the financial services provider’s stock after selling 2,699 shares during the period. Bessemer Group Inc.’s holdings in ING Groep were worth $2,768,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Roxbury Financial LLC bought a new stake in shares of ING Groep in the 4th quarter worth approximately $25,000. Brooklyn Investment Group lifted its stake in ING Groep by 184.8% in the fourth 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 during the period. Versant Capital Management Inc bought a new stake in ING Groep in the fourth quarter valued at $45,000. IFP Advisors Inc increased its position in ING Groep by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 621 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in ING Groep during the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Trading Up 4.7 %

ING opened at $18.24 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79. The stock has a market cap of $63.79 billion, a PE ratio of 8.52, a PEG ratio of 6.42 and a beta of 1.07. The business has a 50 day moving average of $18.44 and a 200-day moving average of $17.03.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Equities research analysts predict that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.6526 per share. This is an increase from ING Groep’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, April 25th. This represents a dividend yield of 5.1%. ING Groep’s dividend payout ratio (DPR) is currently 60.75%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, ING Groep currently has an average rating of “Moderate Buy”.

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.