ING Groep (NYSE:ING) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC lifted its stake in ING Groep (NYSE:ING - Free Report) by 333.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 193,060 shares of the financial services provider's stock after purchasing an additional 148,476 shares during the quarter. Jane Street Group LLC's holdings in ING Groep were worth $3,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Roxbury Financial LLC acquired a new stake in ING Groep during the fourth quarter worth $25,000. Brooklyn Investment Group increased its stake in ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,207 shares during the last quarter. IFP Advisors Inc increased its stake in ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock worth $48,000 after acquiring an additional 621 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in ING Groep during the fourth quarter worth $55,000. Finally, SRS Capital Advisors Inc. increased 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 worth $62,000 after acquiring an additional 665 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. The Goldman Sachs Group raised ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Cfra Research raised 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

ING Groep Trading Up 1.4%

Shares of NYSE ING traded up $0.29 during trading on Monday, reaching $21.46. The stock had a trading volume of 1,734,316 shares, compared to its average volume of 2,265,891. ING Groep has a fifty-two week low of $15.09 and a fifty-two week high of $21.48. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The business's 50-day moving average price is $19.47 and its 200-day moving average price is $17.49. The company has a market cap of $75.07 billion, a P/E ratio of 10.03, a PEG ratio of 6.42 and a beta of 1.15.

ING Groep (NYSE:ING - Get Free Report) last issued its quarterly earnings data 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). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. On average, equities research analysts predict that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

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

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.