Pathstone Holdings LLC Increases Stake in ING Groep (NYSE:ING)

Pathstone Holdings LLC grew its position in ING Groep (NYSE:ING - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 554,854 shares of the financial services provider's stock after buying an additional 32,061 shares during the quarter. Pathstone Holdings LLC's holdings in ING Groep were worth $8,695,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Millennium Management LLC increased its stake in shares of ING Groep by 671.8% in the fourth quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider's stock worth $8,780,000 after purchasing an additional 487,716 shares during the period. Logan Capital Management Inc. lifted its position in ING Groep by 0.8% during the 4th quarter. Logan Capital Management Inc. now owns 194,379 shares of the financial services provider's stock worth $3,046,000 after buying an additional 1,520 shares in the last quarter. JARISLOWSKY FRASER Ltd raised its position in shares of ING Groep by 6.8% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 81,592 shares of the financial services provider's stock worth $1,279,000 after acquiring an additional 5,219 shares during the last quarter. Focus Partners Wealth grew its holdings in ING Groep by 6.2% during the 4th quarter. Focus Partners Wealth now owns 42,832 shares of the financial services provider's stock worth $673,000 after acquiring an additional 2,516 shares during the period. Finally, Ethic Inc. increased its stake in ING Groep by 2.2% in the fourth quarter. Ethic Inc. now owns 181,867 shares of the financial services provider's stock valued at $2,850,000 after purchasing an additional 3,875 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ING. Cfra Research raised shares of ING Groep from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

ING Groep Price Performance

Shares of NYSE:ING traded down $0.01 on Thursday, hitting $21.44. The company's stock had a trading volume of 889,649 shares, compared to its average volume of 2,266,388. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50-day simple moving average of $19.53 and a 200 day simple moving average of $17.55. The company has a market capitalization of $74.98 billion, a PE ratio of 10.02, a PEG ratio of 6.42 and a beta of 1.15. ING Groep has a 1 year low of $15.09 and a 1 year high of $21.76.

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

ING Groep Increases Dividend

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

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.