ING Groep (NYSE:ING) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its holdings in shares of ING Groep (NYSE:ING) by 46.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,492 shares of the financial services provider’s stock after selling 41,681 shares during the period. XTX Topco Ltd’s holdings in ING Groep were worth $760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank boosted its stake in shares of ING Groep by 1.7% during 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 during the period. IFP Advisors Inc raised its stake 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 acquiring an additional 621 shares during the last quarter. SRS Capital Advisors Inc. lifted its position 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 worth $62,000 after acquiring an additional 665 shares during the period. Dorsey & Whitney Trust CO LLC lifted 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 period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of ING Groep by 5.2% in 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 valued at $229,000 after purchasing an additional 722 shares during the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Trading Up 0.5 %

Shares of ING Groep stock opened at $18.65 on Friday. The firm has a market cap of $65.22 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. ING Groep has a 52-week low of $15.09 and a 52-week high of $20.79. The company’s 50-day simple moving average is $18.61 and its 200-day simple moving average is $17.06. 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 (NYSE:ING) last issued its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (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%. As a group, equities research analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.6526 per share. This is a positive change from ING Groep’s previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, April 25th. ING Groep’s payout ratio is presently 60.75%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About ING Groep

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.