Camelot Portfolios LLC Has $271,000 Stake in ING Groep (NYSE:ING)

Camelot Portfolios LLC lowered its holdings in ING Groep (NYSE:ING) by 4.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,303 shares of the financial services provider’s stock after selling 788 shares during the period. Camelot Portfolios LLC’s holdings in ING Groep were worth $271,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Fisher Asset Management LLC raised its holdings in shares of ING Groep by 0.6% in the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock valued at $1,243,072,000 after buying an additional 429,562 shares during the last quarter. Natixis Advisors LLC increased its position in ING Groep by 71.3% in the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after acquiring an additional 1,376,713 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of ING Groep by 1.7% in the third quarter. HighTower Advisors LLC now owns 948,188 shares of the financial services provider’s stock worth $17,180,000 after acquiring an additional 15,964 shares during the last quarter. Raymond James & Associates lifted its position in shares of ING Groep by 49.7% during the third quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock worth $14,431,000 after purchasing an additional 263,904 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of ING Groep during the fourth quarter valued at approximately $10,129,000. Institutional investors own 4.49% of the company’s stock.

ING Groep Price Performance

ING Groep stock opened at $17.12 on Friday. The business’s 50-day simple moving average is $16.23 and its 200 day simple moving average is $16.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock has a market cap of $59.87 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 6.35 and a beta of 1.46. ING Groep has a 12-month low of $13.57 and a 12-month high of $18.72.

ING Groep (NYSE:ING) last issued its 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 net margin of 28.30% and a return on equity of 11.81%. As a group, research analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were issued a dividend of $0.1667 per share. This represents a yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s dividend payout ratio is presently 30.37%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th.

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.