Hennion & Walsh Asset Management Inc. Has $2.43 Million Holdings in ING Groep (NYSE:ING)

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of ING Groep (NYSE:ING) by 31.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,894 shares of the financial services provider’s stock after purchasing an additional 36,657 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in ING Groep were worth $2,427,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its holdings in shares of ING Groep by 1.3% in the third quarter. State Street Corp now owns 358,479 shares of the financial services provider’s stock valued at $6,510,000 after buying an additional 4,542 shares during the last quarter. Creative Planning raised its stake in shares of ING Groep by 18.4% in the second quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock worth $3,589,000 after acquiring an additional 32,534 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of 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 purchasing an additional 62,801 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of ING Groep during the third quarter valued at approximately $2,428,000. Finally, Natixis Advisors LLC increased its holdings in shares of ING Groep by 71.3% in the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after purchasing an additional 1,376,713 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

ING Groep Price Performance

Shares of ING stock opened at $16.30 on Friday. The firm has a market capitalization of $57.03 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 5.80 and a beta of 1.47. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72. 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 fifty day moving average of $15.63 and a 200-day moving average of $16.95.

ING Groep Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 23rd. Investors of record on Monday, January 13th will be given a $0.1667 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio is presently 12.56%.

Wall Street Analysts Forecast Growth

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

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.