ING Groep (NYSE:ING) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its holdings in ING Groep (NYSE:ING) by 13.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 174,662 shares of the financial services provider’s stock after selling 27,832 shares during the quarter. Trexquant Investment LP’s holdings in ING Groep were worth $2,737,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Roxbury Financial LLC purchased a new stake in ING Groep during the 4th quarter worth $25,000. Brooklyn Investment Group boosted its position in shares of ING Groep by 184.8% in the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,207 shares during the period. Versant Capital Management Inc acquired a new stake in shares of ING Groep in the fourth quarter valued at about $45,000. IFP Advisors Inc raised its holdings in shares of ING Groep by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after buying an additional 621 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in ING Groep during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

ING Groep Stock Down 2.7 %

Shares of ING Groep stock opened at $16.89 on Tuesday. ING Groep has a 1-year low of $15.09 and a 1-year high of $20.79. The company has a market capitalization of $59.07 billion, a PE ratio of 7.89, a P/E/G ratio of 6.42 and a beta of 1.07. 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 50-day moving average of $18.34 and a 200-day moving average of $17.06.

ING Groep (NYSE:ING) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. As a group, equities analysts forecast that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

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

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.