Rockefeller Capital Management L.P. Boosts Stock Position in ING Groep (NYSE:ING)

Rockefeller Capital Management L.P. lifted its position in ING Groep (NYSE:ING - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 152,153 shares of the financial services provider's stock after buying an additional 13,773 shares during the period. Rockefeller Capital Management L.P.'s holdings in ING Groep were worth $2,385,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of ING Groep during the fourth quarter valued at $14,375,000. Guardian Partners Inc. bought a new position in ING Groep during the 4th quarter valued at about $11,730,000. ABC Arbitrage SA purchased a new stake in shares of ING Groep during the 4th quarter valued at about $10,129,000. Massachusetts Financial Services Co. MA grew its stake in shares of ING Groep by 147.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 331,182 shares of the financial services provider's stock worth $5,190,000 after acquiring an additional 197,509 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of ING Groep by 88.3% in the fourth quarter. Franklin Resources Inc. now owns 290,796 shares of the financial services provider's stock worth $4,557,000 after acquiring an additional 136,342 shares during the period. Hedge funds and other institutional investors own 4.49% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

ING Groep Stock Performance

ING stock traded up $0.26 during trading on Friday, reaching $19.18. The stock had a trading volume of 962,893 shares, compared to its average volume of 3,106,762. The stock's 50 day moving average is $18.83 and its two-hundred day moving average is $17.11. The firm has a market cap of $67.08 billion, a PE ratio of 8.96, a PEG ratio of 6.42 and a beta of 1.07. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. As a group, equities analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.6526 per share. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, April 25th. This is a boost from ING Groep's previous semi-annual dividend of $0.17. ING Groep's dividend payout ratio (DPR) is currently 60.75%.

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.