ING Groep (NYSE:ING) Shares Sold by Shilanski & Associates Inc.

Shilanski & Associates Inc. trimmed its stake in shares of ING Groep (NYSE:ING) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,816 shares of the financial services provider’s stock after selling 708 shares during the period. Shilanski & Associates Inc.’s holdings in ING Groep were worth $185,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC grew its position in ING Groep by 6.5% during the third quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 684 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of ING Groep by 6.6% during the 3rd quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 688 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of ING Groep by 22.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 706 shares in the last quarter. Mather Group LLC. increased its stake in shares of ING Groep by 57.3% in the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 782 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in shares of ING Groep by 1.7% during the fourth quarter. Confluence Investment Management LLC now owns 48,238 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 790 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Price Performance

Shares of NYSE:ING opened at $16.73 on Friday. The stock has a market capitalization of $58.54 billion, a P/E ratio of 7.50, a P/E/G ratio of 6.10 and a beta of 1.47. The business has a 50-day moving average of $15.69 and a two-hundred day moving average of $16.91. ING Groep has a fifty-two week low of $12.77 and a fifty-two week high of $18.72. 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 (NYSE:ING) last announced its earnings results on Thursday, October 31st. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. ING Groep had a return on equity of 12.49% and a net margin of 30.06%. The firm had revenue of $6.49 billion during the quarter. During the same period in the previous year, the company earned $0.61 EPS. On average, equities research analysts predict that ING Groep will post 2.09 EPS for the current fiscal year.

ING Groep Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Investors of record on Monday, January 13th were paid a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s payout ratio is presently 29.15%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ING shares. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th. Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Citigroup raised shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th.

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.