ING Groep (NYSE:ING) Position Trimmed by Truist Financial Corp

Truist Financial Corp reduced its holdings in ING Groep (NYSE:ING) by 1.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 213,293 shares of the financial services provider’s stock after selling 2,164 shares during the period. Truist Financial Corp’s holdings in ING Groep were worth $3,204,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ING. Contravisory Investment Management Inc. boosted its holdings in shares of ING Groep by 5.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 12,992 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 725 shares during the period. Checchi Capital Advisers LLC boosted its stake in ING Groep by 9.6% during the 3rd quarter. Checchi Capital Advisers LLC now owns 16,568 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 1,447 shares during the period. Integrated Wealth Concepts LLC grew its position in ING Groep by 1.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 155,187 shares of the financial services provider’s stock worth $2,045,000 after purchasing an additional 1,624 shares during the last quarter. Ieq Capital LLC increased its stake in shares of ING Groep by 16.2% in the third quarter. Ieq Capital LLC now owns 11,639 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,626 shares during the period. Finally, Clear Street Markets LLC raised its holdings in shares of ING Groep by 570.3% during the third quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,711 shares during the last quarter. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of ING stock opened at $17.35 on Wednesday. The business has a 50 day simple moving average of $15.86 and a 200 day simple moving average of $14.58. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $60.69 billion, a price-to-earnings ratio of 7.68 and a beta of 1.56. ING Groep has a 12-month low of $12.02 and a 12-month high of $17.44.

ING Groep Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 25th will be paid a dividend of $0.697 per share. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. This represents a dividend yield of 6.8%. The ex-dividend date is Wednesday, April 24th. ING Groep’s payout ratio is currently 61.50%.

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.