Kistler Tiffany Companies LLC reduced its stake in ING Groep (NYSE:ING – Get Rating) by 76.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,581 shares of the financial services provider’s stock after selling 8,415 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in ING Groep were worth $31,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of ING. MML Investors Services LLC lifted its stake in shares of ING Groep by 9.0% during the third quarter. MML Investors Services LLC now owns 46,836 shares of the financial services provider’s stock worth $398,000 after buying an additional 3,860 shares during the period. Intrust Bank NA grew its stake in ING Groep by 17.8% during the 3rd quarter. Intrust Bank NA now owns 45,982 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 6,946 shares during the last quarter. Naviter Wealth LLC increased its holdings in shares of ING Groep by 9.9% in the third quarter. Naviter Wealth LLC now owns 33,950 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 3,070 shares during the period. Veriti Management LLC raised its stake in shares of ING Groep by 85.6% in the third quarter. Veriti Management LLC now owns 141,090 shares of the financial services provider’s stock worth $1,199,000 after purchasing an additional 65,068 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its stake in shares of ING Groep by 5.1% in the third quarter. Vestmark Advisory Solutions Inc. now owns 90,941 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 4,450 shares during the last quarter. 3.99% of the stock is currently owned by institutional investors and hedge funds.
ING Groep Stock Performance
Shares of NYSE ING opened at $12.62 on Thursday. The company has a market capitalization of $47.03 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.27 and a beta of 1.56. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.09 and a current ratio of 1.09. The company’s fifty day moving average price is $12.98 and its 200 day moving average price is $11.96. ING Groep has a 1 year low of $8.14 and a 1 year high of $14.72.
ING Groep Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 12th. Shareholders of record on Thursday, April 27th will be issued a $0.4101 dividend. This is a positive change from ING Groep’s previous semi-annual dividend of $0.07. This represents a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 26th. ING Groep’s dividend payout ratio (DPR) is presently 14.71%.
Analyst Ratings Changes
ING has been the topic of several research reports. Societe Generale downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. StockNews.com started coverage on shares of ING Groep in a report on Thursday, March 16th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.91.
About ING Groep
ING Groep NV engages in the provision of banking, investments, life and non-life insurance, and retirement and asset management services. It operates through the following segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line. The Retail Netherlands segment offers current and savings accounts, business lending, mortgages, and consumer lending.
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