GAMMA Investing LLC Sells 1,342 Shares of ING Groep (NYSE:ING)

GAMMA Investing LLC lowered its position in shares of ING Groep (NYSE:ING) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,872 shares of the financial services provider’s stock after selling 1,342 shares during the period. GAMMA Investing LLC’s holdings in ING Groep were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in ING. Commonwealth Equity Services LLC increased its stake in shares of ING Groep by 50.7% during the second quarter. Commonwealth Equity Services LLC now owns 22,839 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 7,684 shares during the period. Rhumbline Advisers increased its stake in shares of ING Groep by 1.0% during the second quarter. Rhumbline Advisers now owns 86,574 shares of the financial services provider’s stock worth $1,484,000 after purchasing an additional 830 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of ING Groep during the second quarter worth approximately $41,000. Choreo LLC bought a new position in shares of ING Groep during the second quarter worth approximately $655,000. Finally, American Century Companies Inc. increased its stake in shares of ING Groep by 5.7% during the second quarter. American Century Companies Inc. now owns 1,124,581 shares of the financial services provider’s stock worth $19,275,000 after purchasing an additional 60,908 shares during the period. Institutional investors own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

ING has been the topic of a number of recent research reports. Citigroup upgraded ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Morgan Stanley downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

ING Groep Trading Down 1.4 %

Shares of NYSE:ING opened at $15.56 on Friday. The company has a market capitalization of $54.43 billion, a P/E ratio of 6.98, a P/E/G ratio of 5.97 and a beta of 1.47. ING Groep has a 1 year low of $12.77 and a 1 year high of $18.72. 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 business’s 50 day simple moving average is $15.67 and its 200 day simple moving average is $16.98.

ING Groep Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th will be issued a $0.1667 dividend. This represents a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, January 13th. ING Groep’s dividend payout ratio is presently 12.56%.

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.