Dynamic Advisor Solutions LLC Has $3.96 Million Stock Position in ING Group, N.V. (NYSE:ING)

Dynamic Advisor Solutions LLC grew its holdings in ING Group, N.V. (NYSE:ING - Free Report) by 16.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 202,349 shares of the financial services provider's stock after acquiring an additional 27,986 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in ING Group were worth $3,964,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Roxbury Financial LLC bought a new stake in ING Group in the 4th quarter valued at $25,000. Redwood Investments LLC acquired a new stake in shares of ING Group in the 4th quarter valued at about $41,000. IFP Advisors Inc lifted its holdings in shares of ING Group 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 purchasing an additional 621 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of ING Group during the fourth quarter worth about $55,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of ING Group 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 buying an additional 665 shares during the period. 4.49% of the stock is currently owned by institutional investors.

ING Group Stock Up 1.4%

Shares of NYSE ING traded up $0.29 during mid-day trading on Thursday, hitting $20.78. The company had a trading volume of 2,169,780 shares, compared to its average volume of 2,289,244. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.86. The firm has a 50-day simple moving average of $20.31 and a two-hundred day simple moving average of $18.28. The company has a market capitalization of $72.67 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. ING Group, N.V. has a one year low of $15.09 and a one year high of $21.76.

ING Group (NYSE:ING - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). ING Group had a net margin of 27.70% and a return on equity of 11.68%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. On average, equities analysts expect that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 9th. Investors 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 a boost from ING Group's previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. ING Group's dividend payout ratio (DPR) is currently 64.45%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ING. The Goldman Sachs Group raised ING Group from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. Four investment 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

ING Group 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.