Creative Planning decreased its holdings in shares of ING Groep NV (NYSE:ING) by 14.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,489 shares of the financial services provider’s stock after selling 2,243 shares during the quarter. Creative Planning’s holdings in ING Groep were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of ING. Fisher Asset Management LLC lifted its holdings in ING Groep by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 44,291,190 shares of the financial services provider’s stock worth $472,144,000 after buying an additional 345,276 shares in the last quarter. Deutsche Bank AG lifted its holdings in ING Groep by 577.2% in the 4th quarter. Deutsche Bank AG now owns 1,834,364 shares of the financial services provider’s stock worth $19,554,000 after buying an additional 1,563,502 shares in the last quarter. OLD Mission Capital LLC acquired a new position in ING Groep in the 4th quarter worth $5,957,000. Eagle Global Advisors LLC lifted its holdings in ING Groep by 20.0% in the 1st quarter. Eagle Global Advisors LLC now owns 521,000 shares of the financial services provider’s stock worth $6,325,000 after buying an additional 86,721 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in ING Groep by 225.9% in the 4th quarter. Stifel Financial Corp now owns 435,164 shares of the financial services provider’s stock worth $4,620,000 after buying an additional 301,640 shares in the last quarter. Institutional investors and hedge funds own 3.46% of the company’s stock.
A number of brokerages have commented on ING. Zacks Investment Research upgraded shares of ING Groep from a “sell” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a report on Thursday, May 9th. ValuEngine lowered shares of ING Groep from a “sell” rating to a “strong sell” rating in a report on Monday, April 29th. Royal Bank of Canada upgraded shares of ING Groep from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 21st. Societe Generale upgraded shares of ING Groep from a “hold” rating to a “buy” rating in a report on Wednesday, January 16th. Finally, Credit Suisse Group raised shares of ING Groep from an “underperform” rating to a “neutral” rating in a research report on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.00.
ING opened at $11.54 on Wednesday. The stock has a market capitalization of $44.64 billion, a PE ratio of 8.37 and a beta of 1.23. ING Groep NV has a 1-year low of $10.21 and a 1-year high of $15.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.40.
The business also recently announced a semiannual dividend, which was paid on Thursday, May 9th. Stockholders of record on Friday, April 26th were given a $0.4974 dividend. This represents a dividend yield of 8.31%. The ex-dividend date was Thursday, April 25th. ING Groep’s payout ratio is currently 48.78%.
ING Groep Company Profile
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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