PDS Planning Inc Boosts Holdings in ING Groep (NYSE:ING)

PDS Planning Inc raised its holdings in shares of ING Groep (NYSE:ING) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,472 shares of the financial services provider’s stock after acquiring an additional 1,280 shares during the quarter. PDS Planning Inc’s holdings in ING Groep were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ING. Raymond James Financial Inc. purchased a new position in ING Groep during the 4th quarter valued at about $14,375,000. ABC Arbitrage SA purchased a new position in ING Groep during the 4th quarter valued at about $10,129,000. Public Employees Retirement System of Ohio purchased a new stake in shares of ING Groep during the third quarter worth about $9,924,000. Fisher Asset Management LLC grew its holdings in shares of ING Groep by 0.6% during the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock worth $1,243,072,000 after buying an additional 429,562 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of ING Groep during the third quarter worth about $2,762,000. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Stock Performance

Shares of NYSE ING opened at $20.50 on Thursday. The company has a market cap of $71.73 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50-day simple moving average of $17.54 and a 200-day simple moving average of $16.95.

ING Groep (NYSE:ING) last released 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 return on equity of 11.81% and a net margin of 28.30%. On average, equities analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Investors of record on Monday, January 13th were given a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio is presently 29.91%.

Analyst Upgrades and Downgrades

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

About ING Groep

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.