Optas LLC purchased a new position in shares of ING Groep (NYSE:ING - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,440 shares of the financial services provider's stock, valued at approximately $302,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of ING Groep by 10.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 28,143 shares of the financial services provider's stock valued at $436,000 after purchasing an additional 2,765 shares during the last quarter. Roxbury Financial LLC purchased a new position in ING Groep in the 4th quarter valued at $25,000. Principal Securities Inc. increased its stake in ING Groep by 689.6% in the 4th quarter. Principal Securities Inc. now owns 18,896 shares of the financial services provider's stock valued at $296,000 after buying an additional 16,503 shares during the period. Strategic Financial Concepts LLC purchased a new position in ING Groep during the 4th quarter worth $248,000. Finally, Sierra Ocean LLC acquired a new stake in shares of ING Groep in the 4th quarter worth $65,000. Institutional investors and hedge funds own 4.49% of the company's stock.
ING Groep Stock Performance
Shares of ING opened at $20.81 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 52-week low of $15.09 and a 52-week high of $21.76. The company has a 50-day simple moving average of $20.12 and a 200-day simple moving average of $18.21. The company has a market capitalization of $72.78 billion, a PE ratio of 9.72, a P/E/G ratio of 6.42 and a beta of 1.13.
ING Groep (NYSE:ING - Get Free Report) last issued its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $5.74 billion. ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Equities research analysts predict that ING Groep will post 2.14 earnings per share for the current fiscal year.
ING Groep Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a dividend of $0.6526 per share. The ex-dividend date was Friday, April 25th. This is a boost from ING Groep's previous semi-annual dividend of $0.17. This represents a yield of 5.1%. ING Groep's payout ratio is currently 64.45%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on ING shares. Cfra Research upgraded 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 ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ING Groep presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Analysis on ING
ING Groep Company Profile
(
Free Report)
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.
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