Hennion & Walsh Asset Management Inc. Has $2.15 Million Position in ING Groep (NYSE:ING)

Hennion & Walsh Asset Management Inc. lifted its position in shares of ING Groep (NYSE:ING) by 27.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,237 shares of the financial services provider’s stock after purchasing an additional 25,432 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in ING Groep were worth $2,147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ING. Financial Management Professionals Inc. increased its position in ING Groep by 67.8% during the first quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock worth $27,000 after buying an additional 662 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of ING Groep during the 2nd quarter worth approximately $31,000. Rothschild Investment LLC acquired a new position in shares of ING Groep during the 2nd quarter worth approximately $31,000. Mather Group LLC. raised its stake in ING Groep by 57.3% in the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 782 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in ING Groep during the 2nd quarter valued at $38,000. 4.49% of the stock is owned by institutional investors.

ING Groep Stock Down 0.1 %

ING stock opened at $16.84 on Friday. The business’s fifty day moving average price is $17.77 and its two-hundred day moving average price is $17.45. The stock has a market capitalization of $58.91 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 6.58 and a beta of 1.52. ING Groep has a fifty-two week low of $12.44 and a fifty-two week high of $18.72. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.95 and a quick ratio of 1.12.

ING Groep (NYSE:ING) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 earnings per share for the quarter. The business had revenue of $6.15 billion during the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. During the same quarter last year, the firm earned $0.65 EPS. On average, equities analysts anticipate that ING Groep will post 2.06 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, August 19th. Investors of record on Thursday, August 8th were paid a $0.8143 dividend. This is a boost from ING Groep’s previous semi-annual dividend of $0.70. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, August 8th. ING Groep’s payout ratio is 29.68%.

Analysts Set New Price Targets

ING has been the topic of several research reports. Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Citigroup raised ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th.

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.