Intrust Bank NA Sells 3,430 Shares of ING Groep (NYSE:ING)

Intrust Bank NA reduced its position in shares of ING Groep (NYSE:ING) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,229 shares of the financial services provider’s stock after selling 3,430 shares during the period. Intrust Bank NA’s holdings in ING Groep were worth $1,289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ING. Natixis Advisors LLC grew its holdings in shares of ING Groep by 2.3% during the fourth quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider’s stock worth $52,989,000 after purchasing an additional 74,771 shares during the last quarter. Todd Asset Management LLC lifted its position 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 buying an additional 42,851 shares in the last quarter. American Century Companies Inc. grew its holdings in ING Groep by 4.7% during the 4th quarter. American Century Companies Inc. now owns 1,240,735 shares of the financial services provider’s stock worth $19,442,000 after acquiring an additional 55,257 shares during the last quarter. HighTower Advisors LLC increased its position in ING Groep by 1.6% in the 4th quarter. HighTower Advisors LLC now owns 963,306 shares of the financial services provider’s stock valued at $15,095,000 after acquiring an additional 15,118 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ING Groep in the fourth quarter worth about $14,375,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ING Groep Trading Down 1.1 %

Shares of ING opened at $19.83 on Friday. The stock’s fifty day simple moving average is $18.09 and its 200-day simple moving average is $17.05. 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 market capitalization of $69.35 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. ING Groep has a 12-month low of $15.09 and a 12-month high of $20.79.

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 net margin of 28.30% and a return on equity of 11.81%. As a group, research analysts predict that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.6526 dividend. 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 is Friday, April 25th. ING Groep’s dividend payout ratio (DPR) is currently 60.75%.

ING Groep 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.