XTX Topco Ltd Decreases Holdings in ING Groep (NYSE:ING)

XTX Topco Ltd lowered its position in ING Groep (NYSE:ING) by 46.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,492 shares of the financial services provider’s stock after selling 41,681 shares during the period. XTX Topco Ltd’s holdings in ING Groep were worth $760,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in ING Groep in the fourth quarter valued at $14,375,000. State Street Corp grew its stake in shares of ING Groep by 1.3% during the 3rd quarter. State Street Corp now owns 358,479 shares of the financial services provider’s stock valued at $6,510,000 after buying an additional 4,542 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of ING Groep by 18.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 92,045 shares of the financial services provider’s stock worth $1,442,000 after buying an additional 14,476 shares during the last quarter. ABC Arbitrage SA purchased a new position in shares of ING Groep in the 4th quarter worth $10,129,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in ING Groep by 97.4% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 51,922 shares of the financial services provider’s stock valued at $814,000 after acquiring an additional 25,624 shares during the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Price Performance

Shares of NYSE ING opened at $18.65 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. 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 $65.22 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 6.42 and a beta of 1.07. The business has a 50-day moving average of $18.61 and a 200-day moving average of $17.06.

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 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, equities analysts anticipate that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The company 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 dividend of $0.6526 per share. This represents a yield of 5.1%. This is a positive change from ING Groep’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, April 25th. ING Groep’s dividend payout ratio (DPR) is presently 60.75%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.