Hennion & Walsh Asset Management Inc. Sells 29,153 Shares of ING Group, N.V. $ING

Hennion & Walsh Asset Management Inc. decreased its position in shares of ING Group, N.V. (NYSE:ING) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 190,638 shares of the financial services provider’s stock after selling 29,153 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in ING Group were worth $5,338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE increased its holdings in ING Group by 7.3% in the second quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider’s stock worth $191,681,000 after purchasing an additional 593,424 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of ING Group by 1.7% during the 3rd quarter. Northern Trust Corp now owns 4,456,398 shares of the financial services provider’s stock worth $116,223,000 after buying an additional 73,959 shares in the last quarter. Todd Asset Management LLC grew its position in shares of ING Group by 1.0% during the 3rd quarter. Todd Asset Management LLC now owns 2,795,403 shares of the financial services provider’s stock worth $72,904,000 after buying an additional 26,639 shares during the period. Citigroup Inc. increased its stake in shares of ING Group by 249.9% in the 3rd quarter. Citigroup Inc. now owns 2,047,717 shares of the financial services provider’s stock valued at $53,404,000 after acquiring an additional 1,462,527 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of ING Group by 4.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,990,736 shares of the financial services provider’s stock valued at $51,918,000 after acquiring an additional 82,340 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Stock Down 0.1%

ING opened at $24.77 on Tuesday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50-day moving average is $28.05 and its 200 day moving average is $26.85. ING Group, N.V. has a fifty-two week low of $16.47 and a fifty-two week high of $31.17. The firm has a market capitalization of $72.10 billion, a P/E ratio of 10.37, a PEG ratio of 0.81 and a beta of 0.78.

ING Group (NYSE:ING) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.67 billion. ING Group had a return on equity of 12.05% and a net margin of 27.50%. Research analysts expect that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be issued a $0.8796 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a yield of 589.0%. ING Group’s dividend payout ratio (DPR) is 28.87%.

Analyst Ratings Changes

ING has been the topic of several research reports. Zacks Research upgraded shares of ING Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods upgraded ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft raised ING Group from a “hold” rating to a “buy” rating in a research report on Monday, February 2nd. Wall Street Zen lowered ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About ING Group

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.