Northwest & Ethical Investments L.P. Sells 2,294 Shares of ING Groep (NYSE:ING)

Northwest & Ethical Investments L.P. cut its position in shares of ING Groep (NYSE:ING) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,921 shares of the financial services provider’s stock after selling 2,294 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in ING Groep were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Roxbury Financial LLC bought a new stake in shares of ING Groep during the fourth quarter valued at approximately $25,000. Brooklyn Investment Group boosted its position in shares of ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,207 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of ING Groep during the fourth quarter valued at approximately $45,000. IFP Advisors Inc boosted its position in shares of ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 621 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of ING Groep during the fourth quarter valued at approximately $55,000. 4.49% of the stock is currently owned by institutional investors.

ING Groep Trading Down 0.5 %

ING Groep stock opened at $19.88 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The business’s fifty day simple moving average is $17.71 and its two-hundred day simple moving average is $16.98. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79. The company has a market capitalization of $69.53 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44.

ING Groep (NYSE:ING) last released 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%. As a group, equities analysts predict that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were paid a $0.1667 dividend. This represents a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s dividend payout ratio is currently 29.91%.

Analyst Ratings Changes

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

ING Groep 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.