QRG Capital Management Inc. Has $5.40 Million Stock Position in ING Group, N.V. (NYSE:ING)

QRG Capital Management Inc. lifted its holdings in shares of ING Group, N.V. (NYSE:ING - Free Report) by 208.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 275,755 shares of the financial services provider's stock after acquiring 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.

Several other hedge funds and other institutional investors also recently made changes to their positions in ING. Redwood Investments LLC bought a new position in shares of ING Group during the 4th quarter worth approximately $41,000. IFP Advisors Inc boosted its stake in shares of ING Group by 25.1% during the 4th 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 during the period. Whipplewood Advisors LLC bought a new position in shares of ING Group during the 4th quarter worth approximately $55,000. SRS Capital Advisors Inc. lifted its holdings in ING Group by 20.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock worth $62,000 after purchasing an additional 665 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in ING Group during the 4th quarter worth approximately $65,000. 4.49% of the stock is currently owned by institutional investors.

ING Group Price Performance

NYSE ING traded down $0.39 during midday trading on Friday, hitting $20.40. The company had a trading volume of 3,348,208 shares, compared to its average volume of 2,296,812. The company has a market capitalization of $71.35 billion, a PE ratio of 9.67, a P/E/G ratio of 1.94 and a beta of 1.13. 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 50-day moving average price of $20.42 and a 200-day moving average price of $18.37. ING Group, N.V. has a twelve month low of $15.09 and a twelve month high of $21.76.

ING Group (NYSE:ING - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. ING Group had a net margin of 27.70% and a return on equity of 11.68%. As a group, analysts anticipate 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 disclosed a semi-annual dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a $0.6526 dividend. The ex-dividend date of this dividend 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 currently 64.45%.

Analyst Ratings Changes

ING has been the subject of several research reports. Cfra Research raised ING Group from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. The Goldman Sachs Group raised ING Group from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

About ING Group

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.