Blue Square Asset Management LLC Acquires 3,408 Shares of ING Groep (NYSE:ING)

Blue Square Asset Management LLC increased its holdings in shares of ING Groep (NYSE:ING) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,369 shares of the financial services provider’s stock after buying an additional 3,408 shares during the period. Blue Square Asset Management LLC’s holdings in ING Groep were worth $2,012,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ING. Fisher Asset Management LLC raised its position in shares of ING Groep by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock valued at $1,243,072,000 after acquiring an additional 429,562 shares during the last quarter. Natixis Advisors LLC increased its holdings in ING Groep by 71.3% in the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after purchasing an additional 1,376,713 shares during the last quarter. HighTower Advisors LLC lifted its stake in ING Groep by 1.7% in the third quarter. HighTower Advisors LLC now owns 948,188 shares of the financial services provider’s stock valued at $17,180,000 after buying an additional 15,964 shares during the period. Raymond James & Associates lifted its stake in ING Groep by 49.7% in the third quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock valued at $14,431,000 after buying an additional 263,904 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in ING Groep during the third quarter worth about $9,924,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Price Performance

Shares of ING opened at $16.77 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $58.65 billion, a PE ratio of 7.52, a P/E/G ratio of 6.10 and a beta of 1.47. The stock has a 50 day simple moving average of $15.73 and a 200 day simple moving average of $16.90. ING Groep has a 52-week low of $12.77 and a 52-week high of $18.72.

ING Groep (NYSE:ING) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.65 earnings per share for the quarter. The company had revenue of $6.49 billion during the quarter. ING Groep had a net margin of 30.06% and a return on equity of 12.49%. During the same quarter last year, the company earned $0.61 EPS. Sell-side analysts predict that ING Groep will post 2.09 EPS for the current fiscal year.

ING Groep Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were paid a $0.1667 dividend. This represents a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s dividend payout ratio is 29.15%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Citigroup raised ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th.

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.