Tudor Investment Corp ET AL Cuts Stock Holdings in ING Group, N.V. $ING

Tudor Investment Corp ET AL trimmed its position in shares of ING Group, N.V. (NYSE:ING – Free Report) by 81.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,667 shares of the financial services provider’s stock after selling 52,010 shares during the period. Tudor Investment Corp ET AL’s holdings in ING Group were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Binnacle Investments Inc increased its holdings in ING Group by 57.0% in the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 395 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in ING Group by 0.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 63,613 shares of the financial services provider’s stock worth $1,659,000 after acquiring an additional 397 shares in the last quarter. AE Wealth Management LLC increased its holdings in ING Group by 2.5% in the 3rd quarter. AE Wealth Management LLC now owns 16,862 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 410 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in ING Group by 5.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,429 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 476 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC increased its holdings in ING Group by 5.3% in the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 9,678 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ING shares. Keefe, Bruyette & Woods raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Morgan Stanley reissued an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a report on Monday, December 29th. Jefferies Financial Group started coverage on shares of ING Group in a report on Tuesday, January 27th. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of ING Group from a “hold” rating to a “buy” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, ING Group presently has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on ING

ING Group Price Performance

ING Group stock opened at $29.25 on Friday. ING Group, N.V. has a 52-week low of $18.36 and a 52-week high of $31.17. The firm has a market capitalization of $85.14 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.96 and a beta of 0.80. The company has a fifty day simple moving average of $27.63 and a 200-day simple moving average of $27.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73.

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 (EPS) 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 during the quarter, compared to analyst estimates of $6.67 billion. On average, equities analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be issued a dividend of $0.8796 per share. The ex-dividend date of this dividend is Friday, April 17th. This represents a dividend yield of 601.0%. ING Group’s dividend payout ratio is presently 43.10%.

About ING Group

(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.

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