Dynamic Advisor Solutions LLC Purchases 27,986 Shares of ING Groep (NYSE:ING)

Dynamic Advisor Solutions LLC grew its position in shares of ING Groep (NYSE:ING - Free Report) by 16.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 202,349 shares of the financial services provider's stock after acquiring an additional 27,986 shares during the period. Dynamic Advisor Solutions LLC's holdings in ING Groep were worth $3,964,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp lifted its position in ING Groep by 48.2% during the fourth quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock valued at $65,205,000 after buying an additional 1,353,054 shares during the period. Raymond James Financial Inc. purchased a new position in ING Groep in the 4th quarter worth approximately $14,375,000. Guardian Partners Inc. bought a new position in ING Groep during the 4th quarter valued at about $11,730,000. Millennium Management LLC lifted its holdings in shares of ING Groep by 671.8% during the 4th quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider's stock valued at $8,780,000 after buying an additional 487,716 shares during the period. Finally, Causeway Capital Management LLC lifted its holdings in shares of ING Groep by 38.8% during the 4th quarter. Causeway Capital Management LLC now owns 1,491,567 shares of the financial services provider's stock valued at $23,373,000 after buying an additional 416,762 shares during the period. Institutional investors own 4.49% of the company's stock.

ING Groep Trading Down 1.7%

NYSE:ING opened at $20.81 on Monday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $72.78 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 6.42 and a beta of 1.13. ING Groep has a one year low of $15.09 and a one year high of $21.76. The business has a fifty day moving average price of $20.12 and a 200-day moving average price of $18.21.

ING Groep (NYSE:ING - Get Free Report) last released its quarterly 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 company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $5.74 billion. Sell-side analysts forecast that ING Groep will post 2.14 EPS for the current year.

ING Groep 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 issued a $0.6526 dividend. This represents a 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 currently 64.45%.

Analyst Ratings Changes

ING has been the subject of a number of research reports. Cfra Research upgraded ING Groep from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. 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. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.