Sequoia Financial Advisors LLC Has $634,000 Stock Holdings in ING Groep (NYSE:ING)

Sequoia Financial Advisors LLC trimmed its position in ING Groep (NYSE:ING) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,462 shares of the financial services provider’s stock after selling 1,828 shares during the period. Sequoia Financial Advisors LLC’s holdings in ING Groep were worth $634,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Roxbury Financial LLC acquired a new stake in shares of ING Groep in the 4th quarter valued at approximately $25,000. Brooklyn Investment Group raised its position in shares of ING Groep by 184.8% in the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,207 shares during the period. Versant Capital Management Inc acquired a new stake in ING Groep during the 4th quarter worth approximately $45,000. IFP Advisors Inc raised its holdings in ING Groep by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after buying an additional 621 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in ING Groep during the 4th quarter worth approximately $55,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ING Groep Stock Performance

Shares of ING stock opened at $20.27 on Tuesday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $70.89 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. The company’s 50 day moving average price is $17.35 and its two-hundred day moving average price is $16.91. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79.

ING Groep (NYSE:ING) last announced its earnings results on Thursday, February 6th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, analysts expect that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were paid a dividend of $0.1667 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio is currently 29.91%.

ING Groep Company 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.