ING Groep (NYSE:ING) Shares Acquired by Signaturefd LLC

Signaturefd LLC increased its position in shares of ING Groep (NYSE:ING) by 1.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 120,473 shares of the financial services provider’s stock after acquiring an additional 1,375 shares during the period. Signaturefd LLC’s holdings in ING Groep were worth $1,888,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in ING Groep in the 4th quarter valued at approximately $14,375,000. ABC Arbitrage SA acquired a new stake in shares of ING Groep in the fourth quarter valued at $10,129,000. Public Employees Retirement System of Ohio purchased a new position in ING Groep in the third quarter valued at $9,924,000. Fisher Asset Management LLC grew its stake in ING Groep by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock worth $1,243,072,000 after purchasing an additional 429,562 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in ING Groep during the 3rd quarter worth about $2,762,000. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Price Performance

ING Groep stock opened at $20.27 on Tuesday. 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 company has a fifty day simple moving average of $17.35 and a 200-day simple moving average of $16.91. The stock has a market cap of $70.89 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. ING Groep has a 12-month low of $15.09 and a 12-month high of $20.79.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (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%. Equities analysts expect that ING Groep will post 2.14 EPS for the current fiscal 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 issued a dividend of $0.1667 per share. The ex-dividend date was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s payout ratio is currently 29.91%.

Analyst Upgrades and Downgrades

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

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.