Laird Norton Wetherby Wealth Management LLC Sells 2,045 Shares of ING Groep (NYSE:ING)

Laird Norton Wetherby Wealth Management LLC decreased its position in shares of ING Groep (NYSE:ING) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,839 shares of the financial services provider’s stock after selling 2,045 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in ING Groep were worth $1,627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Roxbury Financial LLC bought a new position in ING Groep in the fourth quarter valued at approximately $25,000. Brooklyn Investment Group lifted its stake in ING Groep by 184.8% in the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,207 shares in the last quarter. IFP Advisors Inc lifted its stake in ING Groep by 25.1% in the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after buying an additional 621 shares in the last quarter. Whipplewood Advisors LLC bought a new position in ING Groep in the fourth quarter valued at approximately $55,000. Finally, SRS Capital Advisors Inc. lifted its stake in ING Groep by 20.0% in the fourth 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. Institutional investors own 4.49% of the company’s stock.

ING Groep Price Performance

Shares of ING opened at $20.79 on Wednesday. The firm has a market capitalization of $72.73 billion, a PE ratio of 9.71, a PEG ratio of 6.42 and a beta of 1.15. The company’s 50-day moving average is $19.38 and its 200-day moving average is $17.37. ING Groep has a fifty-two week low of $15.09 and a fifty-two week high of $21.14. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13.

ING Groep (NYSE:ING) last issued its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Equities analysts forecast that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.6526 dividend. The ex-dividend date was Friday, April 25th. This is an increase from ING Groep’s previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. ING Groep’s dividend payout ratio is 64.45%.

Analyst Ratings Changes

Several brokerages have issued reports on ING. Cfra Research upgraded shares of ING Groep from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a research report on Thursday, March 27th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.