ING Groep (NYSE:ING) Stake Increased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its holdings in shares of ING Groep (NYSE:ING) by 280.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,979 shares of the financial services provider’s stock after buying an additional 10,302 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ING Groep were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ING. Natixis Advisors LLC grew its stake in ING Groep by 71.3% during the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after acquiring an additional 1,376,713 shares in the last quarter. Raymond James Financial Inc. purchased a new position in ING Groep during the fourth quarter valued at approximately $14,375,000. ABC Arbitrage SA acquired a new position in ING Groep in the 4th quarter valued at approximately $10,129,000. Public Employees Retirement System of Ohio purchased a new stake in ING Groep in the 3rd quarter worth approximately $9,924,000. Finally, Fisher Asset Management LLC boosted its stake in shares of ING Groep by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock valued at $1,243,072,000 after buying an additional 429,562 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

ING Groep Trading Up 2.4 %

Shares of NYSE ING opened at $20.26 on Monday. The business has a 50 day simple moving average of $17.26 and a 200 day simple moving average of $16.89. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79. The stock has a market cap of $70.86 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 6.42 and a beta of 1.44. 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 posted its earnings results on Thursday, February 6th. The financial services provider reported $0.39 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, research 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 announced a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were issued a dividend of $0.1667 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s dividend payout ratio (DPR) is currently 29.91%.

ING Groep Company 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.