Hennion & Walsh Asset Management Inc. Buys 42,093 Shares of ING Groep (NYSE:ING)

Hennion & Walsh Asset Management Inc. lifted its position in ING Groep (NYSE:ING - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 196,987 shares of the financial services provider's stock after acquiring an additional 42,093 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in ING Groep were worth $3,859,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Roxbury Financial LLC purchased a new position in shares of ING Groep in the fourth quarter worth approximately $25,000. Redwood Investments LLC acquired a new stake in shares of ING Groep during the fourth quarter worth approximately $41,000. IFP Advisors Inc boosted its holdings in shares of ING Groep by 25.1% during the fourth 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 during the period. Whipplewood Advisors LLC acquired a new stake in ING Groep in the fourth quarter valued at approximately $55,000. Finally, SRS Capital Advisors Inc. lifted its stake in 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 during the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ING. The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Cfra Research upgraded shares of ING Groep from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

ING Groep Stock Performance

Shares of ING Groep stock traded up $0.07 on Friday, reaching $21.21. The stock had a trading volume of 1,620,317 shares, compared to its average volume of 2,290,432. The business's 50-day moving average price is $19.81 and its two-hundred day moving average price is $17.97. 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 fifty-two week low of $15.09 and a fifty-two week high of $21.76. The stock has a market cap of $74.18 billion, a P/E ratio of 9.91, a price-to-earnings-growth 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 for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. On average, sell-side analysts forecast that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

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