Tudor Investment Corp ET AL Sells 52,010 Shares of ING Group, N.V. $ING

Tudor Investment Corp ET AL decreased its position in shares of ING Group, N.V. (NYSE:ING) by 81.7% during the third quarter, HoldingsChannel reports. The fund owned 11,667 shares of the financial services provider’s stock after selling 52,010 shares during the quarter. Tudor Investment Corp ET AL’s holdings in ING Group were worth $304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ING. Abound Wealth Management increased its stake in ING Group by 2,757.6% in the third quarter. Abound Wealth Management now owns 943 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 910 shares during the period. Binnacle Investments Inc grew its stake in ING Group by 57.0% in the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 395 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in ING Group by 2,440.8% in the third quarter. Salomon & Ludwin LLC now owns 1,245 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,196 shares in the last quarter. Rexford Capital Inc. purchased a new stake in shares of ING Group during the second quarter valued at about $33,000. Finally, Root Financial Partners LLC purchased a new stake in shares of ING Group during the third quarter valued at about $34,000. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Group Stock Up 2.9%

NYSE:ING opened at $26.82 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. ING Group, N.V. has a twelve month low of $16.47 and a twelve month high of $31.17. The company has a market cap of $78.04 billion, a PE ratio of 11.22, a P/E/G ratio of 0.85 and a beta of 0.78. The company’s 50 day moving average is $27.97 and its two-hundred day moving average is $26.86.

ING Group (NYSE:ING) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. ING Group had a net margin of 27.50% and a return on equity of 12.05%. The business had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.67 billion. Analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be paid a $0.8796 dividend. The ex-dividend date is Friday, April 17th. This represents a yield of 589.0%. ING Group’s dividend payout ratio (DPR) is 62.34%.

Analysts Set New Price Targets

ING has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a research report on Monday, March 23rd. Jefferies Financial Group began coverage on shares of ING Group in a research report on Tuesday, January 27th. They set a “hold” rating for the company. Zacks Research raised shares of ING Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research report on Monday, December 29th. Finally, Wall Street Zen cut ING Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ING Group currently has an average rating of “Moderate Buy”.

ING Group Company Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.