Point72 Asset Management L.P. Raises Position in ING Groep (NYSE:ING)

Point72 Asset Management L.P. grew its holdings in ING Groep (NYSE:ING - Free Report) by 270.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,815 shares of the financial services provider's stock after acquiring an additional 64,097 shares during the period. Point72 Asset Management L.P.'s holdings in ING Groep were worth $1,376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ING. Northern Trust Corp grew its stake in ING Groep by 48.2% during the 4th 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 in the last quarter. Natixis Advisors LLC boosted its stake in shares of ING Groep by 2.3% in the 4th quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider's stock valued at $52,989,000 after buying an additional 74,771 shares during the period. Todd Asset Management LLC grew its position in shares of ING Groep by 1.6% during the fourth quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider's stock worth $43,436,000 after buying an additional 42,851 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of ING Groep by 7.4% during the fourth 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 buying an additional 121,620 shares during the period. Finally, Causeway Capital Management LLC raised its holdings in ING Groep by 38.8% in the fourth quarter. Causeway Capital Management LLC now owns 1,491,567 shares of the financial services provider's stock valued at $23,373,000 after acquiring an additional 416,762 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Groep Trading Down 0.5%

ING opened at $21.45 on Thursday. 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 one year low of $15.09 and a one year high of $21.76. The company has a market cap of $75.02 billion, a P/E ratio of 10.02, a PEG ratio of 6.42 and a beta of 1.15. The business's 50-day simple moving average is $19.53 and its 200-day simple moving average is $17.55.

ING Groep (NYSE:ING - Get Free Report) last announced its quarterly 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). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. As a group, equities research analysts expect that ING Groep will post 2.14 EPS for the current fiscal 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 $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 was Friday, April 25th. ING Groep's dividend payout ratio (DPR) is 64.45%.

Wall Street Analyst Weigh In

ING has been the subject of several analyst reports. The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Cfra Research raised shares of ING Groep from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.

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