ING Groep (NYSE:ING) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC lowered its position in shares of ING Groep (NYSE:ING) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 76,591 shares of the financial services provider’s stock after selling 717 shares during the quarter. Naviter Wealth LLC’s holdings in ING Groep were worth $1,200,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in shares of ING Groep during the fourth quarter worth about $25,000. Brooklyn Investment Group raised its position in ING Groep by 184.8% during the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,207 shares during the last quarter. Versant Capital Management Inc acquired a new stake in ING Groep during the 4th quarter valued at approximately $45,000. IFP Advisors Inc boosted its holdings in shares of ING Groep by 25.1% in the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 621 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of ING Groep in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Up 3.9 %

ING Groep stock opened at $20.78 on Friday. ING Groep has a 52 week low of $14.84 and a 52 week high of $20.79. The firm has a market cap of $72.67 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. The business’s 50-day moving average price is $16.83 and its 200 day moving average price is $16.82. 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 posted its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share 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, sell-side analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were given a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio (DPR) is currently 29.91%.

Analyst Ratings Changes

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

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.