Parr Mcknight Wealth Management Group LLC Takes $195,000 Position in ING Groep (NYSE:ING)

Parr Mcknight Wealth Management Group LLC bought a new position in ING Groep (NYSE:ING - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,436 shares of the financial services provider's stock, valued at approximately $195,000.

Other institutional investors also recently modified their holdings of the company. Roxbury Financial LLC acquired a new position in shares of ING Groep during the fourth quarter valued at $25,000. Redwood Investments LLC bought a new stake in ING Groep during the 4th quarter worth about $41,000. IFP Advisors Inc lifted its position in ING Groep by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 621 shares during the period. Whipplewood Advisors LLC acquired a new position in ING Groep during the 4th quarter valued at about $55,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of ING Groep by 20.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 665 shares during the last quarter. 4.49% of the stock is owned by institutional investors.

ING Groep Trading Up 0.2%

ING traded up $0.05 during midday trading on Friday, reaching $21.20. 1,670,713 shares of the company were exchanged, compared to its average volume of 2,278,074. The stock has a market capitalization of $74.16 billion, a P/E ratio of 9.90, a PEG ratio of 6.42 and a beta of 1.15. ING Groep has a one year low of $15.09 and a one year high of $21.76. The stock's 50-day simple moving average is $19.65 and its 200 day simple moving average is $17.74. 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 (NYSE:ING - Get Free Report) last issued its earnings results on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. ING Groep had a net margin of 28.30% and a return on equity of 11.81%. As a group, analysts forecast that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a dividend of $0.6526 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend was Friday, April 25th. This is an increase from ING Groep's previous semi-annual dividend of $0.17. ING Groep's dividend payout ratio (DPR) is presently 64.45%.

Analyst Ratings Changes

A number of research firms recently weighed in on ING. 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 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

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.