Pathstone Holdings LLC Raises Stock Holdings in ING Groep (NYSE:ING)

Pathstone Holdings LLC boosted its stake in ING Groep (NYSE:ING - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 554,854 shares of the financial services provider's stock after purchasing an additional 32,061 shares during the quarter. Pathstone Holdings LLC's holdings in ING Groep were worth $8,695,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ING. Northern Trust Corp increased its holdings in shares of ING Groep by 48.2% during the 4th quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock worth $65,205,000 after buying an additional 1,353,054 shares during the last quarter. Natixis Advisors LLC increased its stake in ING Groep by 2.3% during the fourth quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider's stock worth $52,989,000 after acquiring an additional 74,771 shares during the last quarter. Todd Asset Management LLC raised its holdings in shares of ING Groep by 1.6% in the 4th quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider's stock worth $43,436,000 after purchasing an additional 42,851 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of ING Groep by 7.4% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,774,430 shares of the financial services provider's stock worth $27,806,000 after purchasing an additional 121,620 shares during the period. Finally, Causeway Capital Management LLC lifted its stake in shares of ING Groep by 38.8% in the 4th quarter. Causeway Capital Management LLC now owns 1,491,567 shares of the financial services provider's stock valued at $23,373,000 after purchasing an additional 416,762 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company's stock.

ING Groep Stock Up 1.4%

Shares of ING stock traded up $0.29 during trading hours on Monday, reaching $21.46. The company had a trading volume of 1,734,316 shares, compared to its average volume of 2,265,891. The company has a market capitalization of $75.07 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a twelve month low of $15.09 and a twelve month high of $21.48. The stock's fifty day simple moving average is $19.47 and its 200 day simple moving average is $17.49.

ING Groep (NYSE:ING - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%. As a group, sell-side analysts expect that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a dividend of $0.6526 per share. This represents a yield of 5.1%. This is a positive change from ING Groep's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, April 25th. ING Groep's dividend payout ratio (DPR) is presently 64.45%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ING. The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Cfra Research raised shares of ING Groep from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, ING Groep has an average rating of "Moderate Buy".

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.