Teachers Retirement System of The State of Kentucky Has $27.81 Million Stock Holdings in ING Groep (NYSE:ING)

Teachers Retirement System of The State of Kentucky grew its stake in ING Groep (NYSE:ING - Free Report) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,774,430 shares of the financial services provider's stock after purchasing an additional 121,620 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.05% of ING Groep worth $27,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ING. Huntington National Bank grew its position in ING Groep by 1.7% during the fourth quarter. Huntington National Bank now owns 35,030 shares of the financial services provider's stock worth $549,000 after buying an additional 597 shares in the last quarter. IFP Advisors Inc increased its position in shares of ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 621 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of ING Groep by 20.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 665 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of ING Groep by 1.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider's stock valued at $651,000 after purchasing an additional 716 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in ING Groep by 5.2% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider's stock worth $229,000 after purchasing an additional 722 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Price Performance

Shares of NYSE ING traded down $0.51 during midday trading on Friday, reaching $19.18. 2,009,273 shares of the company traded hands, compared to its average volume of 2,295,121. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The stock's 50-day simple moving average is $18.86 and its 200-day simple moving average is $17.12. The firm has a market cap of $67.10 billion, a PE ratio of 8.96, a PEG ratio of 6.42 and a beta of 1.07.

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

ING Groep Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.6526 per share. This is an increase from ING Groep's previous semi-annual dividend of $0.17. The ex-dividend date is Friday, April 25th. This represents a yield of 5.1%. ING Groep's dividend payout ratio is 60.75%.

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 research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently 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.