ING Groep (NYSE:ING) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in shares of ING Groep (NYSE:ING - Free Report) by 129.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,677 shares of the financial services provider's stock after purchasing an additional 94,080 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in ING Groep were worth $2,612,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ING. Northern Trust Corp increased 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 buying an additional 1,353,054 shares during the period. Royal Bank of Canada grew its stake 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 valued at $61,844,000 after acquiring an additional 31,963 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of ING Groep by 2.3% during 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 in the last quarter. Todd Asset Management LLC increased 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 acquiring an additional 42,851 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted 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 worth $27,806,000 after acquiring an additional 121,620 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Groep Stock Up 0.3%

Shares of ING stock traded up $0.07 during trading hours on Friday, hitting $21.21. 1,620,317 shares of the company were exchanged, compared to its average volume of 2,290,432. The stock has a market capitalization of $74.18 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 6.42 and a beta of 1.13. ING Groep has a one year low of $15.09 and a one year high of $21.76. The business's 50-day simple moving average is $19.81 and its two-hundred day simple moving average is $18.00. 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 (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 (EPS) for the quarter, missing the consensus estimate 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 Groep had a net margin of 28.30% and a return on equity of 11.81%. Sell-side analysts predict that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm 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. This represents a yield of 5.1%. The ex-dividend date of this dividend was Friday, April 25th. This is an increase from ING Groep's previous semi-annual dividend of $0.17. ING Groep's payout ratio is currently 64.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Cfra Research upgraded ING Groep from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average 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.