ING Groep (NYSE:ING) Shares Acquired by Mariner LLC

Mariner LLC lifted its position in ING Groep (NYSE:ING - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 199,466 shares of the financial services provider's stock after purchasing an additional 21,202 shares during the quarter. Mariner LLC's holdings in ING Groep were worth $3,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC raised its position in ING Groep by 2.3% during the 4th quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider's stock worth $52,989,000 after buying an additional 74,771 shares during the last quarter. Todd Asset Management LLC raised its holdings 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 purchasing an additional 42,851 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of ING Groep by 4.7% during the fourth quarter. American Century Companies Inc. now owns 1,240,735 shares of the financial services provider's stock worth $19,442,000 after purchasing an additional 55,257 shares during the last quarter. HighTower Advisors LLC lifted its position in ING Groep by 1.6% during the fourth quarter. HighTower Advisors LLC now owns 963,306 shares of the financial services provider's stock valued at $15,095,000 after purchasing an additional 15,118 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in ING Groep in the fourth quarter valued at $14,375,000. Institutional investors and hedge funds own 4.49% of the company's stock.

ING Groep Stock Performance

Shares of NYSE ING traded down $0.51 during midday trading on Friday, reaching $19.18. 2,009,273 shares of the stock were exchanged, compared to its average volume of 2,295,121. 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 firm has a 50-day simple moving average of $18.86 and a two-hundred day simple moving average of $17.12. ING Groep has a twelve month low of $15.09 and a twelve month high of $20.79. The firm has a market cap of $67.10 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 6.42 and a beta of 1.07.

ING Groep (NYSE:ING - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. As a group, analysts anticipate that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a $0.6526 dividend. This is a boost from ING Groep's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, April 25th. This represents a yield of 5.1%. ING Groep's dividend payout ratio is presently 60.75%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, 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.