Dorsey & Whitney Trust CO LLC Acquires 716 Shares of ING Groep (NYSE:ING)

Dorsey & Whitney Trust CO LLC increased its holdings in shares of ING Groep (NYSE:ING) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,553 shares of the financial services provider’s stock after acquiring an additional 716 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in ING Groep were worth $651,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake in ING Groep by 1.3% during the third quarter. State Street Corp now owns 358,479 shares of the financial services provider’s stock worth $6,510,000 after acquiring an additional 4,542 shares in the last quarter. ABC Arbitrage SA bought a new stake in ING Groep during the fourth quarter worth about $10,129,000. Oppenheimer Asset Management Inc. boosted its stake in ING Groep by 18.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 92,045 shares of the financial services provider’s stock worth $1,442,000 after acquiring an additional 14,476 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in ING Groep by 30.8% during the third quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock worth $4,849,000 after acquiring an additional 62,801 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in ING Groep during the third quarter worth about $2,428,000. Institutional investors own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

ING Groep Trading Up 3.9 %

Shares of NYSE ING opened at $20.78 on Monday. The firm’s 50 day moving average price is $16.83 and its 200-day moving average price is $16.82. The company has a market cap of $72.67 billion, a PE ratio of 9.71, a P/E/G ratio of 6.42 and a beta of 1.44. ING Groep has a 52-week low of $14.84 and a 52-week high of $20.79. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13.

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 the consensus estimate of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, equities research analysts expect that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were paid a $0.1667 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio is presently 29.91%.

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.