Prime Capital Investment Advisors LLC Acquires Shares of 105,270 ING Groep (NYSE:ING)

Prime Capital Investment Advisors LLC purchased a new position in ING Groep (NYSE:ING - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 105,270 shares of the financial services provider's stock, valued at approximately $1,581,000.

Several other large investors have also recently modified their holdings of ING. Bank of New York Mellon Corp raised its position in shares of ING Groep by 17.0% in the 1st quarter. Bank of New York Mellon Corp now owns 202,967 shares of the financial services provider's stock worth $2,117,000 after purchasing an additional 29,528 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in ING Groep by 17.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,836 shares of the financial services provider's stock worth $217,000 after buying an additional 3,060 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in ING Groep by 11.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 16,011 shares of the financial services provider's stock worth $167,000 after buying an additional 1,673 shares in the last quarter. Private Advisor Group LLC increased its holdings in ING Groep by 12.8% in the 1st quarter. Private Advisor Group LLC now owns 14,346 shares of the financial services provider's stock worth $149,000 after buying an additional 1,633 shares in the last quarter. Finally, Cibc World Market Inc. increased its holdings in ING Groep by 5.0% in the 1st quarter. Cibc World Market Inc. now owns 183,067 shares of the financial services provider's stock worth $1,909,000 after buying an additional 8,764 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Groep Stock Performance

NYSE ING traded down $0.07 during trading hours on Tuesday, hitting $17.04. The company's stock had a trading volume of 1,710,358 shares, compared to its average volume of 3,011,333. ING Groep has a 12 month low of $11.78 and a 12 month high of $17.18. The company's 50 day simple moving average is $14.69 and its two-hundred day simple moving average is $14.14. The company has a market cap of $63.50 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 2.97 and a beta of 1.58. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12.

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

ING Groep Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 25th will be issued a $0.697 dividend. This represents a yield of 6.8%. This is an increase 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 (DPR) 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.