10,557 Shares in ING Groep (NYSE:ING) Bought by Drive Wealth Management LLC

Drive Wealth Management LLC purchased a new position in shares of ING Groep (NYSE:INGFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,557 shares of the financial services provider’s stock, valued at approximately $159,000.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in ING Groep in the third quarter valued at $800,000. Tudor Investment Corp Et Al increased its stake in ING Groep by 2,784.1% in the third quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock valued at $4,349,000 after purchasing an additional 318,499 shares during the period. QRG Capital Management Inc. acquired a new position in ING Groep in the third quarter valued at $3,006,000. Qube Research & Technologies Ltd increased its stake in ING Groep by 101.2% in the third quarter. Qube Research & Technologies Ltd now owns 384,667 shares of the financial services provider’s stock valued at $5,070,000 after purchasing an additional 193,489 shares during the period. Finally, LPL Financial LLC increased its stake in ING Groep by 24.8% in the third quarter. LPL Financial LLC now owns 274,444 shares of the financial services provider’s stock valued at $3,617,000 after purchasing an additional 54,552 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Trading Up 0.4 %

NYSE ING opened at $16.50 on Wednesday. ING Groep has a one year low of $11.78 and a one year high of $16.53. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s fifty day moving average is $14.37 and its two-hundred day moving average is $14.00. The firm has a market cap of $61.49 billion, a PE ratio of 7.47, a P/E/G ratio of 2.89 and a beta of 1.58.

ING Groep (NYSE:INGGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ING Groep had a return on equity of 13.36% and a net margin of 32.29%. The firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $6.15 billion. Analysts expect that ING Groep will post 1.94 earnings per share for the current year.

ING Groep Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.697 per share. This represents a dividend yield of 6.8%. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date is Wednesday, April 24th. ING Groep’s payout ratio is 29.41%.

ING Groep Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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