Mariner LLC Raises Holdings in ING Groep (NYSE:ING)

Mariner LLC raised its stake in ING Groep (NYSE:ING) by 11.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 199,466 shares of the financial services provider’s stock after acquiring an additional 21,202 shares during the period. Mariner LLC’s holdings in ING Groep were worth $3,126,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ING. Roxbury Financial LLC bought a new stake in ING Groep during the 4th quarter valued at $25,000. Brooklyn Investment Group boosted its holdings in shares of ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,207 shares during the period. Versant Capital Management Inc bought a new stake in shares of ING Groep in the fourth quarter worth about $45,000. IFP Advisors Inc increased its holdings in ING Groep by 25.1% during the 4th 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. Finally, Whipplewood Advisors LLC bought a new position in ING Groep during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ING Groep presently has a consensus rating of “Moderate Buy”.

ING Groep Price Performance

ING stock opened at $18.56 on Tuesday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a 1 year low of $15.09 and a 1 year high of $20.79. The firm has a 50-day moving average of $18.68 and a 200 day moving average of $17.06. The company has a market cap of $64.93 billion, a P/E ratio of 8.67, a PEG ratio of 6.42 and a beta of 1.07.

ING Groep (NYSE:ING) last released 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 net margin of 28.30% and a return on equity of 11.81%. On average, sell-side analysts forecast that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a dividend of $0.6526 per share. The ex-dividend date is Friday, April 25th. This represents a yield of 5.1%. This is a positive change from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s payout ratio is presently 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.