Boston Common Asset Management LLC Grows Position in ING Groep (NYSE:ING)

Boston Common Asset Management LLC raised its position in ING Groep (NYSE:ING - Free Report) by 26.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,051 shares of the financial services provider's stock after buying 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new stake in ING Groep during the 4th quarter valued at approximately $25,000. Redwood Investments LLC acquired a new stake in shares of ING Groep during the fourth quarter valued at $41,000. IFP Advisors Inc boosted its stake 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 valued at $48,000 after acquiring an additional 621 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of ING Groep during the fourth quarter valued at $55,000. Finally, SRS Capital Advisors Inc. lifted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 4.49% of the company's stock.

Analyst Upgrades and Downgrades

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

ING Groep Trading Up 0.3%

Shares of ING traded up $0.07 on Monday, hitting $21.33. 1,173,832 shares of the stock traded hands, compared to its average volume of 2,874,467. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $74.60 billion, a P/E ratio of 9.96, a P/E/G ratio of 6.42 and a beta of 1.15. The stock's 50 day moving average is $19.67 and its two-hundred day moving average is $17.81. 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 announced its quarterly earnings data 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 analysts' expectations of $5.74 billion. As a group, sell-side analysts predict that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a $0.6526 dividend. This represents a dividend yield of 5.1%. This is an increase 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 (DPR) is 64.45%.

ING Groep 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.