ING Groep (NYSE:ING) Position Increased by Naviter Wealth LLC

Naviter Wealth LLC boosted its stake in shares of ING Groep (NYSE:ING) by 21.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,500 shares of the financial services provider’s stock after purchasing an additional 10,492 shares during the quarter. Naviter Wealth LLC’s holdings in ING Groep were worth $894,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Clear Street Markets LLC boosted its holdings in shares of ING Groep by 570.3% during the third quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,711 shares during the period. NBC Securities Inc. bought a new stake in ING Groep in the 3rd quarter valued at about $43,000. GAMMA Investing LLC acquired a new position in ING Groep during the 4th quarter valued at about $54,000. Global Retirement Partners LLC grew its position in ING Groep by 128.5% in the 4th quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 2,808 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of ING Groep by 122.6% in the third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 3,800 shares during the period. 4.49% of the stock is currently owned by institutional investors.

ING Groep Stock Performance

ING opened at $15.87 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.24. The business’s 50 day moving average is $15.49 and its 200-day moving average is $14.42. The stock has a market cap of $59.14 billion, a PE ratio of 7.19 and a beta of 1.58. ING Groep has a twelve month low of $11.78 and a twelve month high of $17.18.

ING Groep (NYSE:ING) last announced its earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). ING Groep had a net margin of 32.29% and a return on equity of 13.36%. The business had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $6.15 billion. On average, analysts predict that ING Groep will post 1.91 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 25th will be paid a dividend of $0.697 per share. This represents a dividend yield of 6.8%. The ex-dividend date is Wednesday, April 24th. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s dividend payout ratio (DPR) is currently 62.90%.

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.