ING Groep (NYSE:ING) Sets New 1-Year High at $17.15

ING Groep (NYSE:ING - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as $17.15 and last traded at $17.13, with a volume of 431703 shares. The stock had previously closed at $16.87.

ING Groep Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.24. The business has a 50-day moving average price of $14.64 and a two-hundred day moving average price of $14.11. The firm has a market capitalization of $63.82 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 2.97 and a beta of 1.58.

ING Groep (NYSE:ING - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $6.15 billion. ING Groep had a return on equity of 13.36% and a net margin of 32.29%. As a group, research analysts forecast that ING Groep will post 1.94 EPS for the current year.

ING Groep Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be given a dividend of $0.697 per share. This represents a dividend yield of 6.8%. This is a boost from ING Groep's previous Semi-Annual dividend of $0.43. The ex-dividend date of this dividend is Wednesday, April 24th. ING Groep's dividend payout ratio is presently 29.41%.

Institutional Trading of ING Groep

Large investors have recently added to or reduced their stakes in the business. Clear Street Markets LLC increased its position in ING Groep by 570.3% in the 3rd quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 1,711 shares during the period. Richardson Financial Services Inc. acquired a new stake in ING Groep in the 4th quarter valued at approximately $28,000. LM Advisors LLC acquired a new stake in ING Groep in the 4th quarter valued at approximately $36,000. NBC Securities Inc. acquired a new stake in ING Groep in the 3rd quarter valued at approximately $43,000. Finally, GAMMA Investing LLC acquired a new stake in ING Groep in the 4th quarter valued at approximately $54,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

About ING Groep

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.