Aquatic Capital Management LLC grew its holdings in shares of ING Groep (NYSE:ING - Free Report) by 170.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,164 shares of the financial services provider's stock after acquiring an additional 67,564 shares during the period. Aquatic Capital Management LLC's holdings in ING Groep were worth $1,679,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of ING. Huntington National Bank raised its stake in shares of ING Groep by 1.7% in the 4th quarter. Huntington National Bank now owns 35,030 shares of the financial services provider's stock valued at $549,000 after purchasing an additional 597 shares in the last quarter. IFP Advisors Inc increased its holdings in ING Groep by 25.1% in the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after buying an additional 621 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in ING Groep by 20.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock valued at $62,000 after buying an additional 665 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in ING Groep by 1.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider's stock worth $651,000 after buying an additional 716 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of ING Groep by 5.2% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider's stock worth $229,000 after acquiring an additional 722 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group raised ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".
Get Our Latest Research Report on ING
ING Groep Stock Performance
Shares of NYSE ING traded down $0.06 during midday trading on Monday, hitting $20.59. The company's stock had a trading volume of 1,583,881 shares, compared to its average volume of 3,040,143. 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 has a 1-year low of $15.09 and a 1-year high of $20.79. The firm's fifty day moving average price is $19.11 and its 200-day moving average price is $17.20. The firm has a market cap of $72.01 billion, a P/E ratio of 9.62, a P/E/G ratio of 6.42 and a beta of 1.15.
ING Groep (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 company had revenue of $6.36 billion during 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%. On average, sell-side analysts forecast that ING Groep will post 2.14 EPS for the current fiscal year.
ING Groep Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.6526 per share. The ex-dividend date is Friday, April 25th. This represents a dividend yield of 5.1%. This is a positive change from ING Groep's previous semi-annual dividend of $0.17. ING Groep's dividend payout ratio is currently 61.61%.
About ING Groep
(
Free Report)
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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