HTLF Bank Invests $4.63 Million in ING Groep (NYSE:ING)

HTLF Bank purchased a new position in shares of ING Groep (NYSE:ING - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 308,199 shares of the financial services provider's stock, valued at approximately $4,629,000.

Other institutional investors have also bought and sold shares of the company. Clear Street Markets LLC grew its holdings in 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 buying an additional 1,711 shares in the last quarter. NBC Securities Inc. bought a new stake in ING Groep during the third quarter worth $43,000. Global Retirement Partners LLC grew its holdings in ING Groep by 128.5% during the fourth quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider's stock worth $69,000 after buying an additional 2,808 shares in the last quarter. IHT Wealth Management LLC bought a new stake in ING Groep during the third quarter worth $90,000. Finally, Paradigm Asset Management Co. LLC grew its holdings in 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 buying an additional 3,800 shares in the last quarter. Institutional investors own 4.49% of the company's stock.

ING Groep Stock Performance

NYSE:ING traded up $0.16 during trading on Friday, reaching $16.20. The company's stock had a trading volume of 3,859,942 shares, compared to its average volume of 3,130,399. ING Groep has a 12 month low of $11.78 and a 12 month high of $17.18. The firm has a market cap of $60.37 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 2.82 and a beta of 1.58. The firm has a 50 day moving average of $15.16 and a 200-day moving average of $14.29. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.12.

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 for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $6.15 billion. ING Groep had a net margin of 32.29% and a return on equity of 13.36%. Research analysts expect that ING Groep will post 1.91 EPS for the current fiscal year.

ING Groep Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 25th will be paid a $0.697 dividend. This is an increase from ING Groep's previous Semi-Annual dividend of $0.43. The ex-dividend date is Wednesday, April 24th. This represents a yield of 6.8%. ING Groep's dividend payout ratio is presently 31.22%.

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.