ING Groep (NYSE:ING) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of ING Groep (NYSE:ING) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,675,610 shares of the financial services provider’s stock after selling 20,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ING Groep were worth $28,720,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Financial Management Professionals Inc. grew its stake in shares of ING Groep by 67.8% during the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 662 shares during the period. Summit Securities Group LLC acquired a new stake in ING Groep during the second quarter valued at $31,000. Rothschild Investment LLC purchased a new position in ING Groep in the second quarter valued at $31,000. Richardson Financial Services Inc. purchased a new stake in shares of ING Groep during the 4th quarter worth about $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ING Groep in the 2nd quarter valued at about $38,000. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays raised ING Groep from an “equal weight” rating to an “overweight” rating in a research note on Friday, June 7th.

ING Groep Stock Performance

NYSE ING opened at $18.16 on Tuesday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.95 and a quick ratio of 1.12. The stock’s 50 day simple moving average is $17.81 and its 200-day simple moving average is $17.32. The company has a market cap of $63.53 billion, a PE ratio of 8.04 and a beta of 1.52. ING Groep has a 1-year low of $12.44 and a 1-year high of $18.72.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 earnings per share for the quarter. ING Groep had a return on equity of 12.65% and a net margin of 30.60%. The company had revenue of $6.15 billion for the quarter. During the same quarter in the previous year, the business posted $0.65 EPS. As a group, equities research analysts anticipate that ING Groep will post 2.04 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, August 19th. Investors of record on Thursday, August 8th were given a dividend of $0.8143 per share. The ex-dividend date of this dividend was Thursday, August 8th. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. This represents a yield of 5.9%. ING Groep’s payout ratio is presently 28.32%.

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.