Raymond James & Associates Boosts Stock Position in ING Groep (NYSE:ING)

Raymond James & Associates increased its holdings in shares of ING Groep (NYSE:ING - Free Report) by 31.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 488,936 shares of the financial services provider's stock after acquiring an additional 116,114 shares during the period. Raymond James & Associates' holdings in ING Groep were worth $7,344,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Clear Street Markets LLC lifted its position in shares of ING Groep by 570.3% during the third quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider's stock worth $27,000 after purchasing an additional 1,711 shares during the last quarter. NBC Securities Inc. purchased a new stake in ING Groep in the 3rd quarter valued at about $43,000. IHT Wealth Management LLC bought a new position in ING Groep in the 3rd quarter worth about $90,000. Paradigm Asset Management Co. LLC increased its position in shares of ING Groep by 122.6% during the third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider's stock worth $91,000 after acquiring an additional 3,800 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of ING Groep during the second quarter valued at approximately $104,000. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Groep Trading Up 1.5 %

NYSE:ING traded up $0.25 during midday trading on Monday, hitting $17.13. The stock had a trading volume of 2,546,459 shares, compared to its average volume of 3,030,747. The stock has a 50-day moving average of $14.58 and a 200 day moving average of $14.09. The company has a market capitalization of $63.82 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 2.97 and a beta of 1.58. ING Groep has a one year low of $11.78 and a one year high of $17.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24.

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

ING Groep Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 25th will be issued a dividend of $0.697 per share. This represents a 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%.

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.