Cambiar Investors LLC Sells 36,790 Shares of ING Group, N.V. $ING

Cambiar Investors LLC cut its position in shares of ING Group, N.V. (NYSE:ING) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 976,631 shares of the financial services provider’s stock after selling 36,790 shares during the period. Cambiar Investors LLC’s holdings in ING Group were worth $25,471,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of ING Group by 7.3% in the 2nd quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider’s stock valued at $191,681,000 after buying an additional 593,424 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in ING Group by 2.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,908,396 shares of the financial services provider’s stock valued at $41,737,000 after purchasing an additional 48,023 shares in the last quarter. American Century Companies Inc. grew its stake in shares of ING Group by 10.4% in the 2nd quarter. American Century Companies Inc. now owns 1,408,301 shares of the financial services provider’s stock valued at $30,800,000 after purchasing an additional 132,184 shares during the period. JPMorgan Chase & Co. lifted its position in shares of ING Group by 25.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,314,705 shares of the financial services provider’s stock worth $28,753,000 after buying an additional 264,858 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in ING Group by 2.9% in the 2nd quarter. Raymond James Financial Inc. now owns 983,608 shares of the financial services provider’s stock valued at $21,511,000 after buying an additional 27,545 shares in the last quarter. 4.49% of the stock is owned by institutional investors.

ING Group Price Performance

ING opened at $30.05 on Wednesday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $87.44 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.43 and a beta of 0.82. The company’s 50 day simple moving average is $27.57 and its 200-day simple moving average is $25.60. ING Group, N.V. has a one year low of $16.04 and a one year high of $30.10.

ING Group (NYSE:ING) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. ING Group had a return on equity of 11.57% and a net margin of 26.94%.The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $5.35 billion. Sell-side analysts anticipate that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, January 23rd. Stockholders of record on Thursday, January 8th were given a dividend of $0.2009 per share. The ex-dividend date was Thursday, January 8th. This represents a dividend yield of 71.0%. ING Group’s payout ratio is currently 31.08%.

Wall Street Analyst Weigh In

ING has been the topic of several recent analyst reports. Keefe, Bruyette & Woods downgraded shares of ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “buy (b)” rating on shares of ING Group in a research report on Monday, December 29th. Citigroup raised shares of ING Group to a “strong-buy” rating in a report on Friday, November 21st. Finally, Jefferies Financial Group assumed coverage on ING Group in a report on Tuesday. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

ING Group 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.