Natixis Advisors L.P. Increases Stock Position in ING Groep (NYSE:ING)

Natixis Advisors L.P. lifted its position in ING Groep (NYSE:ING - Free Report) by 75.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,802,537 shares of the financial services provider's stock after acquiring an additional 774,781 shares during the quarter. Natixis Advisors L.P.'s holdings in ING Groep were worth $27,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its position in ING Groep by 8.7% in the fourth quarter. Fisher Asset Management LLC now owns 63,776,162 shares of the financial services provider's stock worth $957,918,000 after purchasing an additional 5,094,340 shares during the last quarter. FMR LLC grew its position in ING Groep by 10.2% during the third quarter. FMR LLC now owns 5,113,296 shares of the financial services provider's stock valued at $67,393,000 after buying an additional 474,505 shares during the period. Tudor Investment Corp Et Al increased its holdings in ING Groep by 2,784.1% during the third quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider's stock worth $4,349,000 after buying an additional 318,499 shares during the last quarter. HTLF Bank bought a new stake in ING Groep in the fourth quarter worth about $4,629,000. Finally, QRG Capital Management Inc. purchased a new position in ING Groep in the third quarter valued at about $3,006,000. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Groep Stock Performance

Shares of ING Groep stock traded up $0.13 on Friday, reaching $17.18. 4,083,595 shares of the company traded hands, compared to its average volume of 3,367,514. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $64.02 billion, a PE ratio of 7.60 and a beta of 1.56. The company has a 50 day moving average of $15.72 and a 200 day moving average of $14.51. ING Groep has a 52 week low of $11.78 and a 52 week high of $17.21.

ING Groep (NYSE:ING - Get Free Report) last released its 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). ING Groep had a return on equity of 13.15% and a net margin of 32.20%. The firm had revenue of $5.82 billion during the quarter, compared to analysts' expectations of $6.15 billion. Equities analysts forecast that ING Groep will post 1.91 earnings per share for the current 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 issued a $0.697 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a yield of 6.8%. This is a positive change from ING Groep's previous Semi-Annual dividend of $0.43. ING Groep's dividend payout ratio (DPR) is 61.50%.

ING Groep 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.