OneDigital Investment Advisors LLC Raises Stock Position in ING Groep (NYSE:ING)

OneDigital Investment Advisors LLC boosted its position in shares of ING Groep (NYSE:ING) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,731 shares of the financial services provider’s stock after acquiring an additional 1,059 shares during the period. OneDigital Investment Advisors LLC’s holdings in ING Groep were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of ING Groep during the 4th quarter valued at $14,375,000. Guardian Partners Inc. purchased a new stake in shares of ING Groep during the fourth quarter worth about $11,730,000. ABC Arbitrage SA acquired a new position in shares of ING Groep during the fourth quarter valued at about $10,129,000. Causeway Capital Management LLC raised its position 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 during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in ING Groep by 147.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 331,182 shares of the financial services provider’s stock worth $5,190,000 after purchasing an additional 197,509 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ING Groep has an average rating of “Moderate Buy”.

ING Groep Stock Down 2.6 %

Shares of ING stock opened at $19.18 on Monday. ING Groep has a fifty-two week low of $15.09 and a fifty-two week high of $20.79. The firm has a market capitalization of $67.10 billion, a PE ratio of 8.96, a P/E/G ratio of 6.42 and a beta of 1.07. 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.

ING Groep (NYSE:ING) last issued its quarterly earnings results 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%. Equities analysts expect that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, April 25th. This is an increase from ING Groep’s previous semi-annual dividend of $0.17. This represents a yield of 5.1%. ING Groep’s payout ratio is currently 60.75%.

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.