Intrust Bank NA Sells 3,430 Shares of ING Groep (NYSE:ING)

Intrust Bank NA reduced its position in shares of ING Groep (NYSE:ING) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,229 shares of the financial services provider’s stock after selling 3,430 shares during the period. Intrust Bank NA’s holdings in ING Groep were worth $1,289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ING. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in ING Groep by 53.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,647 shares of the financial services provider’s stock valued at $167,000 after buying an additional 3,728 shares during the last quarter. Zions Bancorporation N.A. grew its stake in shares of ING Groep by 63.2% in the fourth quarter. Zions Bancorporation N.A. now owns 85,579 shares of the financial services provider’s stock worth $1,341,000 after acquiring an additional 33,152 shares during the last quarter. Guardian Partners Inc. bought a new position in ING Groep during the fourth quarter worth $11,730,000. Marietta Investment Partners LLC raised its stake in ING Groep by 20.6% during the 4th quarter. Marietta Investment Partners LLC now owns 60,697 shares of the financial services provider’s stock valued at $951,000 after purchasing an additional 10,379 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings 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 purchasing an additional 55,257 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Price Performance

Shares of NYSE:ING opened at $19.83 on Friday. The business’s 50 day moving average is $18.09 and its 200-day moving average is $17.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $69.35 billion, a PE ratio of 9.26, a PEG ratio of 6.42 and a beta of 1.44. ING Groep has a 1-year low of $15.09 and a 1-year high of $20.79.

ING Groep (NYSE:ING) last posted 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%. Sell-side analysts predict that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.