Vident Advisory LLC Has $788,000 Stock Holdings in ING Groep (NYSE:ING)

Vident Advisory LLC reduced its position in ING Groep (NYSE:ING) by 11.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,287 shares of the financial services provider’s stock after selling 6,630 shares during the period. Vident Advisory LLC’s holdings in ING Groep were worth $788,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ING. Northern Trust Corp raised its holdings in ING Groep by 48.2% in the 4th quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider’s stock valued at $65,205,000 after acquiring an additional 1,353,054 shares during the period. Royal Bank of Canada raised its holdings in ING Groep by 0.8% in the 4th quarter. Royal Bank of Canada now owns 3,946,653 shares of the financial services provider’s stock valued at $61,844,000 after acquiring an additional 31,963 shares during the period. Natixis Advisors LLC raised its holdings in ING Groep by 2.3% in the 4th quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider’s stock valued at $52,989,000 after acquiring an additional 74,771 shares during the period. Todd Asset Management LLC raised its holdings in ING Groep by 1.6% in the 4th quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider’s stock valued at $43,436,000 after acquiring an additional 42,851 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in ING Groep by 7.4% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,774,430 shares of the financial services provider’s stock valued at $27,806,000 after acquiring an additional 121,620 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Stock Performance

Shares of ING opened at $21.13 on Friday. The firm’s fifty day simple moving average is $19.56 and its two-hundred day simple moving average is $17.61. ING Groep has a 12 month low of $15.09 and a 12 month high of $21.76. The stock has a market capitalization of $73.90 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING) last released its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%. As a group, analysts predict that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a $0.6526 dividend. The ex-dividend date of this dividend was 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 is currently 64.45%.

Analyst Ratings Changes

Several research firms have weighed in on ING. Cfra Research raised shares of ING Groep from a “moderate sell” rating to a “hold” rating in a report on Tuesday, May 6th. The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a report on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.