ING Groep (NYSE:ING) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lowered its holdings in ING Groep (NYSE:ING) by 4.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,361,394 shares of the financial services provider’s stock after selling 62,646 shares during the period. Cambiar Investors LLC’s holdings in ING Groep were worth $21,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ING. Valeo Financial Advisors LLC lifted its holdings in shares of ING Groep by 6.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 684 shares during the last quarter. Wedmont Private Capital lifted its position in shares of ING Groep by 6.6% in the 3rd quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 688 shares in the last quarter. Mather Group LLC. grew its stake in ING Groep by 57.3% during the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 782 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of ING Groep by 1.7% in the fourth quarter. Confluence Investment Management LLC now owns 48,238 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 790 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in ING Groep by 4.6% in the third quarter. Integrated Wealth Concepts LLC now owns 20,029 shares of the financial services provider’s stock valued at $364,000 after acquiring an additional 875 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of ING Groep stock opened at $16.34 on Tuesday. 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 firm has a market cap of $57.14 billion, a P/E ratio of 7.63, a P/E/G ratio of 6.14 and a beta of 1.46. The firm has a 50 day simple moving average of $15.96 and a 200 day simple moving average of $16.76. ING Groep has a fifty-two week low of $12.94 and a fifty-two week high of $18.72.

ING Groep (NYSE:ING) last announced its quarterly 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%. Sell-side analysts predict that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The business also recently disclosed 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 of this dividend was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s dividend payout ratio is currently 29.91%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup raised shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Barclays downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note 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.