ING Groep (NYSE:ING) Stock Holdings Decreased by Bank of Montreal Can

Bank of Montreal Can lessened its position in ING Groep (NYSE:ING) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 480,179 shares of the financial services provider’s stock after selling 19,706 shares during the quarter. Bank of Montreal Can’s holdings in ING Groep were worth $8,235,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in ING. Beverly Hills Private Wealth LLC lifted its stake in ING Groep by 4.7% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 602 shares in the last quarter. Gallacher Capital Management LLC boosted its holdings in shares of ING Groep by 2.8% during the first quarter. Gallacher Capital Management LLC now owns 21,892 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 604 shares during the period. Checchi Capital Advisers LLC grew its position in ING Groep by 3.8% during the second quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 637 shares in the last quarter. Pzena Investment Management LLC increased its stake in ING Groep by 1.2% in the 2nd quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock valued at $922,000 after buying an additional 640 shares during the period. Finally, Financial Management Professionals Inc. increased its stake in ING Groep by 67.8% in the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock valued at $27,000 after buying an additional 662 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of ING Groep from an “equal weight” rating to an “overweight” rating in a report on Friday, June 7th.

ING Groep Stock Down 1.0 %

ING opened at $18.16 on Tuesday. The company has a market capitalization of $63.53 billion, a PE ratio of 8.04 and a beta of 1.52. The business has a 50-day moving average of $17.81 and a 200-day moving average of $17.32. ING Groep has a fifty-two week low of $12.44 and a fifty-two week high of $18.72. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.95 and a quick ratio of 1.12.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. The firm had revenue of $6.15 billion during the quarter. During the same quarter last year, the firm earned $0.65 earnings per share. Equities research analysts forecast that ING Groep will post 2.04 EPS for the current fiscal year.

ING Groep Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, August 8th were issued a dividend of $0.8143 per share. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. This represents a yield of 5.9%. The ex-dividend date of this dividend was Thursday, August 8th. ING Groep’s dividend payout ratio (DPR) is 28.32%.

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.