QRG Capital Management Inc. Increases Position in ING Group, N.V. (NYSE:ING)

QRG Capital Management Inc. raised its position in ING Group, N.V. (NYSE:ING - Free Report) by 208.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 275,755 shares of the financial services provider's stock after purchasing an additional 186,490 shares during the quarter. QRG Capital Management Inc.'s holdings in ING Group were worth $5,402,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Redwood Investments LLC acquired a new position in shares of ING Group in the fourth quarter worth $41,000. IFP Advisors Inc grew its stake in shares of ING Group by 25.1% in the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock worth $48,000 after acquiring an additional 621 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of ING Group in the fourth quarter worth $55,000. SRS Capital Advisors Inc. grew its stake in shares of ING Group by 20.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock worth $62,000 after acquiring an additional 665 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of ING Group in the fourth quarter worth $65,000. Institutional investors and hedge funds own 4.49% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group upgraded shares of ING Group from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Four equities 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 stock. According to data from MarketBeat.com, ING Group has a consensus rating of "Moderate Buy".

ING Group Stock Performance

Shares of ING stock opened at $20.50 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.86. The firm has a fifty day moving average price of $20.26 and a 200 day moving average price of $18.26. The company has a market cap of $71.70 billion, a P/E ratio of 9.71, a PEG ratio of 1.97 and a beta of 1.13. ING Group, N.V. has a 12 month low of $15.09 and a 12 month high of $21.76.

ING Group (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 analysts' consensus estimates of $0.56 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $5.74 billion. ING Group had a return on equity of 11.68% and a net margin of 27.70%. Sell-side analysts predict that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a $0.6526 dividend. The ex-dividend date was Friday, April 25th. This is a boost from ING Group's previous semi-annual dividend of $0.17. This represents a yield of 5.1%. ING Group's payout ratio is 64.45%.

ING Group 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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