ING Groep (NYSE:ING) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. cut its holdings in shares of ING Groep (NYSE:ING) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,257 shares of the financial services provider’s stock after selling 6,195 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in ING Groep were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Legacy Financial Advisors Inc. increased its position in shares of ING Groep by 20.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 15,744 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 2,715 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of ING Groep by 129.8% in the 4th quarter. M&T Bank Corp now owns 39,127 shares of the financial services provider’s stock worth $587,000 after purchasing an additional 22,102 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in ING Groep in the fourth quarter valued at $235,000. Natixis Advisors L.P. boosted its stake in ING Groep by 75.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,802,537 shares of the financial services provider’s stock valued at $27,074,000 after purchasing an additional 774,781 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of ING Groep by 8.7% during the fourth quarter. Fisher Asset Management LLC now owns 63,776,162 shares of the financial services provider’s stock worth $957,918,000 after buying an additional 5,094,340 shares during the period. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Stock Performance

Shares of ING opened at $17.28 on Tuesday. The firm has a market capitalization of $60.43 billion, a PE ratio of 7.64 and a beta of 1.56. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24. The firm has a 50-day moving average price of $15.79 and a 200 day moving average price of $14.54. ING Groep has a 52-week low of $12.02 and a 52-week high of $17.36.

ING Groep Increases Dividend

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

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.