ING Groep (NYSE:ING) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its holdings in shares of ING Groep (NYSE:ING) by 2.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 253,354 shares of the financial services provider’s stock after selling 5,815 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in ING Groep were worth $3,970,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of ING Groep during the 4th quarter valued at $14,375,000. Guardian Partners Inc. acquired a new position in shares of ING Groep during the fourth quarter worth about $11,730,000. ABC Arbitrage SA purchased a new stake in shares of ING Groep in the fourth quarter worth about $10,129,000. Public Employees Retirement System of Ohio acquired a new stake in shares of ING Groep in the third quarter valued at about $9,924,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of ING Groep during the 4th quarter valued at about $2,054,000. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Stock Performance

ING Groep stock opened at $19.83 on Monday. 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 firm’s fifty day moving average price is $18.09 and its 200 day moving average price is $17.05. The company has a market capitalization of $69.35 billion, a price-to-earnings ratio of 9.26, 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 announced its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, research analysts forecast that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.6526 per share. This is a boost from ING Groep’s previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, April 25th. ING Groep’s dividend payout ratio is 60.75%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded ING Groep from a “neutral” rating to a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ING Groep presently has an average rating of “Moderate Buy”.

ING Groep Company 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.