Mount Yale Investment Advisors LLC Cuts Holdings in ING Groep (NYSE:ING)

Mount Yale Investment Advisors LLC lowered its stake in shares of ING Groep (NYSE:ING) by 9.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 29,482 shares of the financial services provider’s stock after selling 3,104 shares during the period. Mount Yale Investment Advisors LLC’s holdings in ING Groep were worth $462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ING. State Street Corp boosted its position in ING Groep by 1.3% during the third quarter. State Street Corp now owns 358,479 shares of the financial services provider’s stock valued at $6,510,000 after purchasing an additional 4,542 shares in the last quarter. Creative Planning boosted its holdings in shares of ING Groep by 18.4% in the 2nd quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock valued at $3,589,000 after buying an additional 32,534 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of ING Groep by 30.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock worth $4,849,000 after buying an additional 62,801 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of ING Groep during the 3rd quarter worth approximately $2,428,000. Finally, Natixis Advisors LLC raised its stake in shares of ING Groep by 71.3% during the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after acquiring an additional 1,376,713 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of ING stock opened at $16.69 on Wednesday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day moving average of $15.75 and a 200 day moving average of $16.88. The firm has a market capitalization of $58.37 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 6.10 and a beta of 1.47. ING Groep has a 1 year low of $12.77 and a 1 year high of $18.72.

ING Groep (NYSE:ING) last issued its earnings results on Thursday, October 31st. The financial services provider reported $0.65 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 for the quarter. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, research analysts expect that ING Groep will post 2.09 earnings per share for the current year.

ING Groep Cuts Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Citigroup upgraded ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 26th. Finally, Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

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.