Bayesian Capital Management LP Invests $368,000 in ING Groep (NYSE:ING)

Bayesian Capital Management LP bought a new stake in ING Groep (NYSE:ING - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,488 shares of the financial services provider's stock, valued at approximately $368,000.

Several other institutional investors also recently modified their holdings of the business. Huntington National Bank grew its holdings in shares of ING Groep by 1.7% in the fourth quarter. Huntington National Bank now owns 35,030 shares of the financial services provider's stock valued at $549,000 after acquiring an additional 597 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of ING Groep by 25.1% in the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 621 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of ING Groep by 20.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 665 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in ING Groep by 1.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider's stock valued at $651,000 after purchasing an additional 716 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in ING Groep by 5.2% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider's stock valued at $229,000 after purchasing an additional 722 shares during the last quarter. 4.49% of the stock is owned by institutional investors.

ING Groep Trading Up 0.3%

ING stock traded up $0.06 during midday trading on Tuesday, reaching $20.79. 917,335 shares of the company traded hands, compared to its average volume of 2,265,932. The business has a 50 day moving average of $19.37 and a 200-day moving average of $17.34. The firm has a market capitalization of $72.73 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 6.42 and a beta of 1.15. ING Groep has a 52-week low of $15.09 and a 52-week high of $20.84. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13.

ING Groep (NYSE:ING - Get Free Report) last announced its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $5.74 billion. As a group, sell-side analysts expect that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a dividend of $0.6526 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend was Friday, April 25th. This is an increase from ING Groep's previous semi-annual dividend of $0.17. ING Groep's payout ratio is presently 64.45%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ING shares. The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Cfra Research upgraded ING Groep from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

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.