ING Groep (NYSE:ING) Stock Holdings Cut by Causeway Capital Management LLC

Causeway Capital Management LLC reduced its position in shares of ING Groep (NYSE:INGGet Rating) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 628,643 shares of the financial services provider’s stock after selling 150,153 shares during the quarter. Causeway Capital Management LLC’s holdings in ING Groep were worth $8,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ING. Captrust Financial Advisors boosted its stake in shares of ING Groep by 7.9% during the 3rd quarter. Captrust Financial Advisors now owns 9,751 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 710 shares in the last quarter. Sage Rhino Capital LLC boosted its stake in shares of ING Groep by 5.0% during the 4th quarter. Sage Rhino Capital LLC now owns 16,554 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 785 shares in the last quarter. Altium Wealth Management LLC boosted its stake in shares of ING Groep by 3.6% during the 4th quarter. Altium Wealth Management LLC now owns 24,687 shares of the financial services provider’s stock worth $344,000 after acquiring an additional 854 shares in the last quarter. Shilanski & Associates Inc. boosted its stake in shares of ING Groep by 6.2% during the 4th quarter. Shilanski & Associates Inc. now owns 14,990 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 877 shares in the last quarter. Finally, JCIC Asset Management Inc. boosted its stake in shares of ING Groep by 0.4% during the 4th quarter. JCIC Asset Management Inc. now owns 262,135 shares of the financial services provider’s stock worth $3,649,000 after acquiring an additional 940 shares in the last quarter. 9.33% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on ING shares. Deutsche Bank Aktiengesellschaft reduced their target price on ING Groep from €15.00 ($15.63) to €13.00 ($13.54) and set a “buy” rating for the company in a report on Wednesday, April 13th. Royal Bank of Canada reduced their target price on ING Groep from €10.50 ($10.94) to €10.00 ($10.42) in a report on Tuesday, May 10th. JPMorgan Chase & Co. reduced their target price on ING Groep from €15.00 ($15.63) to €12.70 ($13.23) in a report on Monday, March 14th. StockNews.com assumed coverage on ING Groep in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley cut their price objective on ING Groep from €15.60 ($16.25) to €13.00 ($13.54) in a report on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.19.

NYSE ING traded up $0.38 during trading on Tuesday, hitting $10.08. 656,402 shares of the company traded hands, compared to its average volume of 7,580,600. ING Groep has a 12 month low of $8.97 and a 12 month high of $15.97. The business has a fifty day simple moving average of $10.08 and a 200 day simple moving average of $12.75. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $39.32 billion, a P/E ratio of 7.58, a PEG ratio of 0.64 and a beta of 1.76.

The business also recently announced a — dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Monday, May 16th will be issued a dividend of $0.2452 per share. The ex-dividend date is Friday, May 13th. This represents a yield of 11.6%. ING Groep’s dividend payout ratio (DPR) is currently 57.03%.

ING Groep Company Profile (Get Rating)

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking.

Featured Stories

Want to see what other hedge funds are holding ING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ING Groep (NYSE:INGGet Rating).

Institutional Ownership by Quarter for ING Groep (NYSE:ING)

Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.