ING Groep (NYSE:ING) Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its holdings in shares of ING Groep (NYSE:ING) by 32.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,677 shares of the financial services provider’s stock after buying an additional 8,182 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in ING Groep were worth $528,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. IFP Advisors Inc increased its holdings in shares of ING Groep by 25.1% during the fourth 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. SRS Capital Advisors Inc. increased its holdings in shares of ING Groep by 20.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 665 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in ING Groep by 5.2% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 722 shares during the period. Confluence Investment Management LLC grew its holdings in ING Groep by 1.7% during the fourth quarter. Confluence Investment Management LLC now owns 48,238 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 790 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in ING Groep by 4.6% during the third quarter. Integrated Wealth Concepts LLC now owns 20,029 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 875 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ING Groep Price Performance

NYSE:ING opened at $20.78 on Friday. The business’s 50-day moving average price is $16.83 and its 200 day moving average price is $16.82. The firm has a market cap of $72.67 billion, a P/E ratio of 9.71, a PEG 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 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 released 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, sell-side analysts predict that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

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