Bessemer Group Inc. Sells 2,699 Shares of ING Groep (NYSE:ING)

Bessemer Group Inc. lessened its stake in ING Groep (NYSE:ING) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 176,669 shares of the financial services provider’s stock after selling 2,699 shares during the quarter. Bessemer Group Inc.’s holdings in ING Groep were worth $2,768,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ING. Natixis Advisors LLC raised its holdings in ING Groep by 2.3% in the fourth 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 raised its holdings in ING Groep by 1.6% in 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 acquiring an additional 42,851 shares during the last quarter. American Century Companies Inc. lifted its position in ING Groep by 4.7% in the 4th quarter. American Century Companies Inc. now owns 1,240,735 shares of the financial services provider’s stock valued at $19,442,000 after acquiring an additional 55,257 shares in the last quarter. HighTower Advisors LLC lifted its position in ING Groep by 1.6% in the 4th quarter. HighTower Advisors LLC now owns 963,306 shares of the financial services provider’s stock valued at $15,095,000 after acquiring an additional 15,118 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of ING Groep in the 4th quarter worth $14,375,000. Institutional investors own 4.49% of the company’s stock.

Analyst Ratings Changes

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

ING Groep Stock Up 4.7 %

Shares of ING Groep stock opened at $18.24 on Monday. ING Groep has a twelve month low of $15.09 and a twelve month high of $20.79. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The company’s 50 day moving average is $18.44 and its 200 day moving average is $17.03. The company has a market cap of $63.79 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07.

ING Groep (NYSE:ING) last released its quarterly 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%. Research analysts anticipate that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a $0.6526 dividend. This represents a yield of 5.1%. This is a boost from ING Groep’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, April 25th. ING Groep’s dividend payout ratio (DPR) is presently 60.75%.

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.