Boston Common Asset Management LLC Has $5.51 Million Stock Position in ING Groep (NYSE:ING)

Boston Common Asset Management LLC lifted its holdings in shares of ING Groep (NYSE:ING - Free Report) by 26.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 281,051 shares of the financial services provider's stock after purchasing an additional 57,994 shares during the quarter. Boston Common Asset Management LLC's holdings in ING Groep were worth $5,506,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Northern Trust Corp increased its holdings in shares of 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 worth $65,205,000 after purchasing an additional 1,353,054 shares during the period. Royal Bank of Canada increased its holdings in shares of ING Groep by 0.8% during the fourth quarter. Royal Bank of Canada now owns 3,946,653 shares of the financial services provider's stock worth $61,844,000 after purchasing an additional 31,963 shares during the period. Natixis Advisors LLC increased its holdings in shares of ING Groep by 2.3% during the fourth quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider's stock worth $52,989,000 after purchasing an additional 74,771 shares during the period. Todd Asset Management LLC boosted its position in shares of ING Groep by 1.6% during the 4th quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider's stock worth $43,436,000 after acquiring an additional 42,851 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of ING Groep by 7.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,774,430 shares of the financial services provider's stock worth $27,806,000 after acquiring an additional 121,620 shares in the last quarter. 4.49% of the stock is owned by institutional investors.

ING Groep Price Performance

Shares of NYSE ING traded up $0.10 during trading hours on Friday, hitting $21.25. 2,646,551 shares of the stock were exchanged, compared to its average volume of 2,284,688. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $74.34 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. The company's fifty day simple moving average is $19.67 and its two-hundred day simple moving average is $17.80. ING Groep has a 1-year low of $15.09 and a 1-year high of $21.76.

ING Groep (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 (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, sell-side analysts predict 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. Shareholders of record on Friday, April 25th were given a $0.6526 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is currently 64.45%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Cfra Research upgraded shares of ING Groep from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

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.