Resonant Capital Advisors LLC Sells 1,256 Shares of ING Groep (NYSE:ING)

Resonant Capital Advisors LLC reduced its holdings in ING Groep (NYSE:ING) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,539 shares of the financial services provider’s stock after selling 1,256 shares during the quarter. Resonant Capital Advisors LLC’s holdings in ING Groep were worth $158,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Raymond James & Associates grew its position in shares of ING Groep by 31.1% in the 4th quarter. Raymond James & Associates now owns 488,936 shares of the financial services provider’s stock worth $7,344,000 after buying an additional 116,114 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of ING Groep in the 3rd quarter valued at approximately $800,000. Tudor Investment Corp Et Al lifted its stake in shares of ING Groep by 2,784.1% in the 3rd quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock valued at $4,349,000 after purchasing an additional 318,499 shares during the period. QRG Capital Management Inc. purchased a new position in shares of ING Groep in the 3rd quarter valued at approximately $3,006,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in shares of ING Groep in the 4th quarter valued at approximately $1,581,000. 4.49% of the stock is currently owned by institutional investors.

ING Groep Trading Up 1.0 %

ING opened at $16.20 on Friday. The stock has a market cap of $60.37 billion, a PE ratio of 7.33, a PEG ratio of 2.88 and a beta of 1.58. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24. The business has a 50 day moving average of $15.16 and a 200-day moving average of $14.30. ING Groep has a 52 week low of $11.78 and a 52 week high of $17.18.

ING Groep (NYSE:ING) last released its earnings results on Thursday, February 1st. The financial services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $6.15 billion. ING Groep had a net margin of 32.29% and a return on equity of 13.36%. Equities research analysts predict that ING Groep will post 1.91 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be paid a $0.697 dividend. This represents a dividend yield of 6.8%. The ex-dividend date is Wednesday, April 24th. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s dividend payout ratio (DPR) is presently 31.22%.

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.