Point72 Asset Management L.P. Has $1.38 Million Stock Holdings in ING Groep (NYSE:ING)

Point72 Asset Management L.P. boosted its position in shares of ING Groep (NYSE:ING - Free Report) by 270.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,815 shares of the financial services provider's stock after buying 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 SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of ING Groep by 48.2% in the fourth quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock valued at $65,205,000 after buying 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 fourth 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 in the last quarter. Todd Asset Management LLC boosted its stake in shares of ING Groep by 1.6% in the fourth quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider's stock valued at $43,436,000 after buying an additional 42,851 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of ING Groep by 7.4% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,774,430 shares of the financial services provider's stock valued at $27,806,000 after buying an additional 121,620 shares in the last quarter. Finally, Causeway Capital Management LLC boosted its stake in shares of 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 buying an additional 416,762 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on ING. The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Cfra Research raised ING Groep from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

ING Groep Stock Up 0.9%

Shares of NYSE ING traded up $0.20 on Tuesday, hitting $21.33. The company had a trading volume of 598,519 shares, compared to its average volume of 2,277,517. The business has a 50 day moving average of $19.58 and a two-hundred day moving average of $17.66. ING Groep has a 12-month low of $15.09 and a 12-month high of $21.76. The firm has a market capitalization of $74.61 billion, a P/E ratio of 9.97, a PEG ratio of 6.42 and a beta of 1.15. 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 (NYSE:ING - Get Free Report) last posted 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). 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 forecast that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

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