Moloney Securities Asset Management LLC lifted its holdings in shares of ING Groep (NYSE:ING – Get Rating) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,551 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the period. Moloney Securities Asset Management LLC’s holdings in ING Groep were worth $189,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. MML Investors Services LLC raised its position in shares of ING Groep by 9.0% during the 3rd quarter. MML Investors Services LLC now owns 46,836 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 3,860 shares in the last quarter. Intrust Bank NA increased its position in ING Groep by 17.8% during the third quarter. Intrust Bank NA now owns 45,982 shares of the financial services provider’s stock worth $391,000 after buying an additional 6,946 shares during the period. Naviter Wealth LLC increased its position in ING Groep by 9.9% during the third quarter. Naviter Wealth LLC now owns 33,950 shares of the financial services provider’s stock worth $289,000 after buying an additional 3,070 shares during the period. Veriti Management LLC increased its position in ING Groep by 85.6% during the third quarter. Veriti Management LLC now owns 141,090 shares of the financial services provider’s stock worth $1,199,000 after buying an additional 65,068 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its position in ING Groep by 5.1% during the third quarter. Vestmark Advisory Solutions Inc. now owns 90,941 shares of the financial services provider’s stock worth $773,000 after buying an additional 4,450 shares during the period. Institutional investors and hedge funds own 3.99% of the company’s stock.
ING Groep Trading Up 1.5 %
NYSE:ING opened at $12.81 on Friday. The firm has a market cap of $47.74 billion, a P/E ratio of 12.56, a PEG ratio of 0.27 and a beta of 1.56. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.68. The stock’s 50 day simple moving average is $12.96 and its 200-day simple moving average is $11.97. ING Groep has a 12-month low of $8.14 and a 12-month high of $14.72.
ING Groep Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 12th. Investors of record on Thursday, April 27th will be paid a $0.4101 dividend. The ex-dividend date is Wednesday, April 26th. This is an increase from ING Groep’s previous semi-annual dividend of $0.07. This represents a dividend yield of 4.6%. ING Groep’s payout ratio is 14.71%.
Analysts Set New Price Targets
Several research analysts have commented on ING shares. StockNews.com started coverage on ING Groep in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Societe Generale lowered ING Groep from a “buy” rating to a “hold” rating in a research report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.91.
ING Groep Company Profile
ING Groep NV engages in the provision of banking, investments, life and non-life insurance, and retirement and asset management services. It operates through the following segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line. The Retail Netherlands segment offers current and savings accounts, business lending, mortgages, and consumer lending.
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