Marietta Investment Partners LLC Grows Stock Position in ING Groep (NYSE:ING)

Marietta Investment Partners LLC lifted its stake in ING Groep (NYSE:ING) by 20.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,697 shares of the financial services provider’s stock after purchasing an additional 10,379 shares during the period. Marietta Investment Partners LLC’s holdings in ING Groep were worth $951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its holdings in ING Groep by 0.6% in the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock valued at $1,243,072,000 after purchasing an additional 429,562 shares during the period. Natixis Advisors LLC lifted its holdings in ING Groep by 2.3% during the 4th quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider’s stock worth $52,989,000 after buying an additional 74,771 shares during the last quarter. Todd Asset Management LLC lifted its holdings in ING Groep by 1.6% during the 4th quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider’s stock worth $43,436,000 after buying an additional 42,851 shares during the last quarter. American Century Companies Inc. lifted its holdings in ING Groep by 4.7% during the 4th quarter. American Century Companies Inc. now owns 1,240,735 shares of the financial services provider’s stock worth $19,442,000 after buying an additional 55,257 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in ING Groep by 1.6% during the 4th quarter. HighTower Advisors LLC now owns 963,306 shares of the financial services provider’s stock worth $15,095,000 after buying an additional 15,118 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Stock Down 0.5 %

ING Groep stock opened at $19.88 on Friday. ING Groep has a fifty-two week low of $15.09 and a fifty-two week high of $20.79. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $69.53 billion, a P/E ratio of 9.29, a PEG ratio of 6.42 and a beta of 1.44. The stock has a 50-day simple moving average of $17.71 and a 200-day simple moving average of $16.98.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Equities research analysts expect that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

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

Analysts Set New Price Targets

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.