12,563 Shares in ING Groep (NYSE:ING) Bought by Bridgefront Capital LLC

Bridgefront Capital LLC purchased a new stake in shares of ING Groep (NYSE:ING - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,563 shares of the financial services provider's stock, valued at approximately $197,000.

Other large investors have also recently modified their holdings of the company. Roxbury Financial LLC purchased a new position in shares of ING Groep during the fourth quarter valued at approximately $25,000. Brooklyn Investment Group increased its position in ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 1,207 shares during the last quarter. IFP Advisors Inc increased its position in ING Groep by 25.1% during 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 during the last quarter. Whipplewood Advisors LLC purchased a new stake in ING Groep in the fourth quarter worth about $55,000. Finally, SRS Capital Advisors Inc. grew its position in shares of ING Groep by 20.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock worth $62,000 after purchasing an additional 665 shares in the last quarter. Institutional investors own 4.49% of the company's stock.

ING Groep Stock Performance

Shares of ING stock traded up $0.29 during mid-day trading on Wednesday, hitting $21.08. 990,475 shares of the stock were exchanged, compared to its average volume of 2,264,762. 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 has a 12-month low of $15.09 and a 12-month high of $21.14. The stock's fifty day simple moving average is $19.38 and its two-hundred day simple moving average is $17.37. The stock has a market capitalization of $73.74 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 6.42 and a beta of 1.15.

ING Groep (NYSE:ING - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, analysts forecast that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

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

Wall Street Analysts Forecast Growth

ING has been the subject of several analyst reports. Cfra Research raised ING Groep from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ING Groep has an average 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.