Cubist Systematic Strategies LLC Purchases New Position in ING Groep (NYSE:ING)

Cubist Systematic Strategies LLC acquired a new stake in shares of ING Groep (NYSE:ING - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 115,357 shares of the financial services provider's stock, valued at approximately $1,808,000.

Several other large investors also recently made changes to their positions in the business. Roxbury Financial LLC acquired a new stake in shares of ING Groep during the fourth quarter worth $25,000. Brooklyn Investment Group increased its stake in ING Groep by 184.8% in the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock worth $29,000 after purchasing an additional 1,207 shares in the last quarter. IFP Advisors Inc increased its stake in ING Groep by 25.1% in the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock worth $48,000 after purchasing an additional 621 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in ING Groep during the 4th quarter worth about $55,000. Finally, SRS Capital Advisors Inc. lifted its stake in 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 valued at $62,000 after buying an additional 665 shares in the last quarter. Institutional investors own 4.49% of the company's stock.

Analyst Upgrades and Downgrades

ING has been the topic of several analyst reports. The Goldman Sachs Group raised shares of ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Cfra Research upgraded shares of ING Groep from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ING Groep presently has a consensus rating of "Moderate Buy".

ING Groep Stock Up 0.4%

NYSE:ING traded up $0.08 on Friday, hitting $21.18. 1,607,519 shares of the company's stock traded hands, compared to its average volume of 2,265,043. The company has a market cap of $74.07 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. ING Groep has a 1 year low of $15.09 and a 1 year high of $21.22. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The firm has a 50-day moving average price of $19.41 and a 200-day moving average price of $17.42.

ING Groep (NYSE:ING - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. The company had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $5.74 billion. Equities analysts anticipate that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a $0.6526 dividend. 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. This represents a dividend yield of 5.1%. ING Groep's dividend payout ratio is 64.45%.

ING Groep 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.