Schonfeld Strategic Advisors LLC Trims Stock Position in ING Groep (NYSE:ING)

Schonfeld Strategic Advisors LLC reduced its position in ING Groep (NYSE:ING) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,000 shares of the financial services provider’s stock after selling 7,776 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in ING Groep were worth $846,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its position in ING Groep by 24.5% in the 4th quarter. Park Avenue Securities LLC now owns 32,703 shares of the financial services provider’s stock valued at $512,000 after buying an additional 6,427 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of ING Groep by 31.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 154,894 shares of the financial services provider’s stock valued at $2,427,000 after buying an additional 36,657 shares in the last quarter. Brooklyn Investment Group raised its position in ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,207 shares during the last quarter. Galibier Capital Management Ltd. raised its position in shares of ING Groep by 15.2% during the 4th quarter. Galibier Capital Management Ltd. now owns 106,208 shares of the financial services provider’s stock worth $1,664,000 after purchasing an additional 14,000 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new stake in shares of ING Groep in the fourth quarter valued at $177,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of ING stock opened at $20.21 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79. The company’s fifty day moving average price is $19.30 and its two-hundred day moving average price is $17.29. The firm has a market capitalization of $70.71 billion, a P/E ratio of 9.44, a P/E/G ratio of 6.42 and a beta of 1.15.

ING Groep (NYSE:ING) last posted its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. ING Groep had a net margin of 28.30% and a return on equity of 11.81%. On average, research analysts anticipate that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a dividend of $0.6526 per share. The ex-dividend date of this dividend is Friday, April 25th. This is a boost from ING Groep’s previous semi-annual dividend of $0.17. This represents a yield of 5.1%. ING Groep’s dividend payout ratio (DPR) is 64.45%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ING. The Goldman Sachs Group raised ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Cfra Research raised shares of ING Groep from a “moderate sell” rating to a “hold” rating in a research report on Tuesday. Four equities 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 company. According to MarketBeat, ING Groep currently has a consensus rating of “Moderate Buy”.

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.