Waverly Advisors LLC Buys Shares of 25,372 ING Groep (NYSE:ING)

Waverly Advisors LLC bought a new stake in ING Groep (NYSE:ING - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,372 shares of the financial services provider's stock, valued at approximately $398,000.

Other large investors also recently made changes to their positions in the company. Northern Trust Corp boosted its stake in ING Groep by 48.2% in the 4th quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock valued at $65,205,000 after purchasing an additional 1,353,054 shares during the period. Royal Bank of Canada lifted its holdings in shares of ING Groep by 0.8% during the fourth quarter. Royal Bank of Canada now owns 3,946,653 shares of the financial services provider's stock worth $61,844,000 after buying an additional 31,963 shares in the last quarter. Natixis Advisors LLC boosted its position 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 acquiring an additional 74,771 shares during the period. Todd Asset Management LLC boosted its position 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 acquiring an additional 42,851 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew 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 acquiring an additional 121,620 shares in the last quarter. Institutional investors own 4.49% of the company's stock.

ING Groep Price Performance

NYSE ING traded down $0.34 during midday trading on Wednesday, hitting $20.99. The company had a trading volume of 1,581,096 shares, compared to its average volume of 2,279,234. The firm has a 50-day moving average price of $19.60 and a 200-day moving average price of $17.68. The company has a market capitalization of $73.43 billion, a PE ratio of 9.81, a P/E/G ratio of 6.42 and a beta of 1.15. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a twelve month low of $15.09 and a twelve month high of $21.76.

ING Groep (NYSE:ING - Get Free Report) last issued its quarterly 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). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. As a group, analysts anticipate that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on ING shares. Cfra Research upgraded 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 upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

About ING Groep

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.