Boston Partners Acquires 41,457 Shares of ING Groep (NYSE:ING)

Boston Partners increased its holdings in shares of ING Groep (NYSE:ING) by 33.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,401 shares of the financial services provider’s stock after purchasing an additional 41,457 shares during the quarter. Boston Partners’ holdings in ING Groep were worth $2,614,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Roxbury Financial LLC bought a new stake in ING Groep during the 4th quarter worth about $25,000. Brooklyn Investment Group raised its holdings in ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,207 shares in the last quarter. Versant Capital Management Inc acquired a new position in ING Groep during the fourth quarter valued at approximately $45,000. IFP Advisors Inc grew its stake in ING Groep by 25.1% in the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 621 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of ING Groep during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Trading Down 0.5 %

Shares of NYSE:ING opened at $19.88 on Friday. ING Groep has a 52-week low of $15.09 and a 52-week high of $20.79. 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 $69.53 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. The company has a 50-day simple moving average of $17.71 and a 200 day simple moving average of $16.98.

ING Groep (NYSE:ING) last issued 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%. Sell-side analysts forecast that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were issued a $0.1667 dividend. 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%.

Wall Street Analyst Weigh In

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

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.