Quantinno Capital Management LP raised its holdings in ING Groep (NYSE:ING - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 394,878 shares of the financial services provider's stock after acquiring an additional 84,613 shares during the period. Quantinno Capital Management LP's holdings in ING Groep were worth $6,188,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Roxbury Financial LLC bought a new position in shares of ING Groep during the 4th quarter valued at about $25,000. Brooklyn Investment Group boosted its stake in shares of ING Groep by 184.8% in the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 1,207 shares in the last quarter. IFP Advisors Inc lifted its stake 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 worth $48,000 after purchasing an additional 621 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in ING Groep during the fourth quarter valued at about $55,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 4.49% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on ING. Cfra Research raised 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 issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, ING Groep has a consensus rating of "Moderate Buy".
Check Out Our Latest Analysis on ING
ING Groep Stock Down 0.0%
Shares of ING traded down $0.01 during trading hours on Thursday, hitting $21.44. The company had a trading volume of 889,649 shares, compared to its average volume of 2,266,388. The stock has a market capitalization of $74.98 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 6.42 and a beta of 1.15. The firm has a fifty day moving average price of $19.53 and a 200-day moving average price of $17.55. ING Groep has a 52-week low of $15.09 and a 52-week high of $21.76. 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 issued its earnings results 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). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. The firm had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $5.74 billion. On average, equities research analysts forecast that ING Groep will post 2.14 EPS for the current fiscal year.
ING Groep Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a $0.6526 dividend. This is a positive change from ING Groep's previous semi-annual dividend of $0.17. This represents a yield of 5.1%. The ex-dividend date was Friday, April 25th. ING Groep's payout ratio is presently 64.45%.
ING Groep Company Profile
(
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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