Todd Asset Management LLC Has $38.28 Million Holdings in ING Groep (NYSE:ING)

Todd Asset Management LLC decreased its holdings in shares of ING Groep (NYSE:ING) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,548,463 shares of the financial services provider’s stock after selling 36,085 shares during the quarter. Todd Asset Management LLC owned 0.07% of ING Groep worth $38,278,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Clear Street Markets LLC increased its stake in shares of ING Groep by 570.3% in the third quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,711 shares during the period. NBC Securities Inc. acquired a new position in ING Groep during the 3rd quarter worth about $43,000. GAMMA Investing LLC acquired a new stake in shares of ING Groep in the fourth quarter valued at about $54,000. Global Retirement Partners LLC raised its holdings in ING Groep by 128.5% during the 4th quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 2,808 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its position in ING Groep by 122.6% during the third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 3,800 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Trading Up 0.8 %

Shares of ING stock traded up $0.13 during mid-day trading on Friday, hitting $17.18. The company’s stock had a trading volume of 4,083,595 shares, compared to its average volume of 3,367,514. ING Groep has a 52 week low of $11.78 and a 52 week high of $17.21. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.12. The company’s fifty day simple moving average is $15.72 and its 200-day simple moving average is $14.49. The company has a market cap of $64.02 billion, a PE ratio of 7.60 and a beta of 1.56.

ING Groep (NYSE:ING) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $6.15 billion. ING Groep had a net margin of 32.20% and a return on equity of 13.15%. As a group, equities research analysts expect that ING Groep will post 1.91 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 25th will be issued a $0.697 dividend. This represents a yield of 6.8%. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date of this dividend is Wednesday, April 24th. ING Groep’s dividend payout ratio (DPR) is presently 61.50%.

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.