Corient Private Wealth LLC Decreases Position in ING Groep (NYSE:ING)

Corient Private Wealth LLC decreased its position in ING Groep (NYSE:ING) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,870 shares of the financial services provider’s stock after selling 10,866 shares during the period. Corient Private Wealth LLC’s holdings in ING Groep were worth $954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Roxbury Financial LLC purchased a new position in shares of ING Groep in the fourth quarter worth about $25,000. Brooklyn Investment Group grew its stake in ING Groep by 184.8% in the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,207 shares in the last quarter. Versant Capital Management Inc purchased a new position in ING Groep in the 4th quarter valued at approximately $45,000. IFP Advisors Inc raised its holdings in 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 acquiring an additional 621 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of ING Groep during the fourth quarter worth $55,000. 4.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday. Three 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 stock. According to data from MarketBeat.com, ING Groep currently has a consensus rating of “Moderate Buy”.

ING Groep Stock Performance

NYSE ING opened at $20.09 on Friday. ING Groep has a 52-week low of $15.09 and a 52-week high of $20.79. The company has a fifty day moving average of $18.02 and a 200-day moving average of $17.04. The company has a market capitalization of $70.26 billion, a P/E ratio of 9.39, a P/E/G ratio of 6.42 and a beta of 1.44. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13.

ING Groep (NYSE:ING) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) 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%. As a group, equities research analysts predict that ING Groep will post 2.14 EPS for the current fiscal 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 paid a $0.6526 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a yield of 5.1%. This is a positive change from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s dividend payout ratio is currently 29.91%.

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.