ING Groep (NYSE:ING) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in ING Groep (NYSE:ING - Free Report) by 27.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 394,878 shares of the financial services provider's stock after purchasing an additional 84,613 shares during the quarter. Quantinno Capital Management LP's holdings in ING Groep were worth $6,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of 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 worth $65,205,000 after purchasing an additional 1,353,054 shares in the last quarter. Raymond James Financial Inc. bought a new stake in ING Groep in the fourth quarter worth about $14,375,000. Guardian Partners Inc. purchased a new stake in ING Groep in the fourth quarter worth $11,730,000. ABC Arbitrage SA purchased a new stake in shares of ING Groep during the fourth quarter valued at $10,129,000. Finally, Millennium Management LLC grew its holdings in shares of ING Groep by 671.8% in the fourth quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider's stock worth $8,780,000 after purchasing an additional 487,716 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Groep Trading Up 0.5%

NYSE ING traded up $0.10 on Tuesday, reaching $21.55. The stock had a trading volume of 1,414,396 shares, compared to its average volume of 2,266,043. ING Groep has a 12-month low of $15.09 and a 12-month high of $22.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock has a fifty day moving average price of $19.47 and a two-hundred day moving average price of $17.49. The firm has a market capitalization of $75.39 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 6.42 and a beta of 1.15.

ING Groep (NYSE:ING - Get Free Report) last released its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%. As a group, sell-side analysts forecast that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a dividend of $0.6526 per share. This is an increase from ING Groep's previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, April 25th. ING Groep's payout ratio is currently 64.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ING shares. Cfra Research upgraded ING Groep from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Four investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

ING Groep 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.