Hancock Whitney Corp Cuts Position in ING Groep (NYSE:ING)

Hancock Whitney Corp trimmed its position in shares of ING Groep (NYSE:ING) by 12.2% during the 4th quarter, Holdings Channel reports. The fund owned 34,926 shares of the financial services provider’s stock after selling 4,840 shares during the period. Hancock Whitney Corp’s holdings in ING Groep were worth $547,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Huntington National Bank increased its position in ING Groep by 1.7% in the fourth quarter. Huntington National Bank now owns 35,030 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 597 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of ING Groep by 25.1% in the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after buying an additional 621 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of ING Groep by 20.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider’s stock valued at $62,000 after buying an additional 665 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of ING Groep by 1.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider’s stock valued at $651,000 after acquiring an additional 716 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in ING Groep by 5.2% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 722 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Trading Down 2.6 %

ING stock opened at $19.18 on Friday. The firm’s fifty day simple moving average is $18.86 and its two-hundred day simple moving average is $17.12. The stock has a market capitalization of $67.10 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a twelve month low of $15.09 and a twelve month high of $20.79.

ING Groep (NYSE:ING) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. As a group, analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a dividend of $0.6526 per share. The ex-dividend date is Friday, April 25th. This represents a yield of 5.1%. This is a boost from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s payout ratio is presently 60.75%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded ING Groep from a “neutral” rating to a “buy” rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.