Genesee Capital Advisors LLC Has $720,000 Stake in ING Groep (NYSE:ING)

Genesee Capital Advisors LLC lessened its position in ING Groep (NYSE:ING) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,932 shares of the financial services provider’s stock after selling 1,305 shares during the period. Genesee Capital Advisors LLC’s holdings in ING Groep were worth $720,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ING. Natixis Advisors LLC raised its holdings in ING Groep by 71.3% in the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after buying an additional 1,376,713 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of ING Groep in the third quarter worth $9,924,000. Mediolanum International Funds Ltd bought a new position in ING Groep during the 3rd quarter worth $7,972,000. Fisher Asset Management LLC increased its stake in shares of ING Groep by 0.6% in the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock valued at $1,243,072,000 after buying an additional 429,562 shares during the period. Finally, Benson Investment Management Company Inc. bought a new stake in ING Groep in the third quarter valued at approximately $5,204,000. 4.49% of the stock is currently owned by institutional investors.

ING Groep Trading Down 0.9 %

ING opened at $16.69 on Wednesday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50-day moving average is $15.75 and its 200 day moving average is $16.88. The firm has a market capitalization of $58.37 billion, a PE ratio of 7.48, a P/E/G ratio of 6.10 and a beta of 1.47. ING Groep has a fifty-two week low of $12.77 and a fifty-two week high of $18.72.

ING Groep (NYSE:ING) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $6.49 billion during the quarter. ING Groep had a net margin of 30.06% and a return on equity of 12.49%. During the same period in the previous year, the company posted $0.61 earnings per share. As a group, research analysts predict that ING Groep will post 2.09 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were given a dividend of $0.1667 per share. This represents a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s dividend payout ratio is currently 29.15%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ING shares. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

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.