Yousif Capital Management LLC Sells 11,400 Shares of ING Groep (NYSE:ING)

Yousif Capital Management LLC reduced its position in shares of ING Groep (NYSE:ING) by 22.3% during the fourth quarter, Holdings Channel reports. The firm owned 39,703 shares of the financial services provider’s stock after selling 11,400 shares during the period. Yousif Capital Management LLC’s holdings in ING Groep were worth $622,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its position in ING Groep by 7.5% in the fourth quarter. DAVENPORT & Co LLC now owns 23,931 shares of the financial services provider’s stock worth $375,000 after acquiring an additional 1,673 shares during the period. Caprock Group LLC raised its position in ING Groep by 3.6% in the fourth quarter. Caprock Group LLC now owns 100,616 shares of the financial services provider’s stock worth $1,577,000 after acquiring an additional 3,511 shares during the period. OLD National Bancorp IN raised its position in ING Groep by 15.3% in the fourth quarter. OLD National Bancorp IN now owns 17,882 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 2,369 shares during the period. First Affirmative Financial Network raised its position in ING Groep by 31.3% in the fourth quarter. First Affirmative Financial Network now owns 15,601 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 3,715 shares during the period. Finally, Capital Investment Counsel LLC raised its position in ING Groep by 1.4% in the fourth quarter. Capital Investment Counsel LLC now owns 295,451 shares of the financial services provider’s stock worth $4,630,000 after acquiring an additional 3,947 shares during the period. 4.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ING has been the topic of several research reports. Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th.

ING Groep Price Performance

ING opened at $17.11 on Monday. The company has a market capitalization of $59.84 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 6.14 and a beta of 1.46. 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 firm has a 50-day moving average price of $16.07 and a 200-day moving average price of $16.72. ING Groep has a twelve month low of $13.24 and a twelve month high of $18.72.

ING Groep (NYSE:ING) last posted its 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 return on equity of 11.81% and a net margin of 28.30%. Equities analysts expect that ING Groep will post 2.14 EPS for the current year.

ING Groep Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Investors of record on Monday, January 13th were paid a dividend of $0.1667 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s dividend payout ratio is currently 30.37%.

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.