ING Group, N.V. $ING Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. cut its holdings in shares of ING Group, N.V. (NYSE:ING – Free Report) by 8.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 208,280 shares of the financial services provider’s stock after selling 18,979 shares during the period. Lincluden Management Ltd.’s holdings in ING Group were worth $5,832,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in ING Group by 7.3% in the 2nd quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider’s stock valued at $191,681,000 after buying an additional 593,424 shares in the last quarter. Northern Trust Corp lifted its stake in ING Group by 1.7% in the 3rd quarter. Northern Trust Corp now owns 4,456,398 shares of the financial services provider’s stock valued at $116,223,000 after buying an additional 73,959 shares in the last quarter. Todd Asset Management LLC lifted its stake in ING Group by 1.0% in the 3rd quarter. Todd Asset Management LLC now owns 2,795,403 shares of the financial services provider’s stock valued at $72,904,000 after buying an additional 26,639 shares in the last quarter. Citigroup Inc. lifted its stake in 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 buying an additional 1,462,527 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in 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 buying an additional 82,340 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Group Trading Up 0.1%

ING opened at $28.09 on Wednesday. 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 simple moving average is $27.43 and its two-hundred day simple moving average is $27.24. ING Group, N.V. has a 1-year low of $19.14 and a 1-year high of $31.17. The firm has a market capitalization of $81.74 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80.

ING Group (NYSE:ING – Get Free Report) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. ING Group had a net margin of 27.50% and a return on equity of 12.05%. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.67 billion. Analysts expect that ING Group, N.V. will post 2.76 EPS for the current fiscal year.

ING Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 17th will be paid a $0.8796 dividend. This represents a yield of 610.0%. The ex-dividend date of this dividend is Friday, April 17th. ING Group’s dividend payout ratio (DPR) is 62.76%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a research note on Monday, March 23rd. Wall Street Zen lowered shares of ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Deutsche Bank Aktiengesellschaft raised shares of ING Group from a “hold” rating to a “buy” rating in a research note on Monday, February 2nd. Finally, Jefferies Financial Group assumed coverage on shares of ING Group in a research note on Tuesday, January 27th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Get Our Latest Stock Report on ING Group

ING Group Company Profile

(Free Report)

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.

Featured Articles

• Five stocks we like better than ING Group

Want to see what other hedge funds are holding ING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ING Group, N.V. (NYSE:ING – Free Report).