17,403 Shares in ING Groep (NYSE:ING) Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC acquired a new stake in ING Groep (NYSE:ING) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 17,403 shares of the financial services provider’s stock, valued at approximately $261,000.

A number of other hedge funds have also recently bought and sold shares of ING. Clear Street Markets LLC raised its holdings in ING Groep by 570.3% during the 3rd quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,711 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of ING Groep during the third quarter worth approximately $43,000. GAMMA Investing LLC acquired a new position in ING Groep in the fourth quarter valued at approximately $54,000. Global Retirement Partners LLC boosted its stake in ING Groep by 128.5% in the fourth quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 2,808 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC grew its holdings in ING Groep by 122.6% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 3,800 shares during the period. 4.49% of the stock is currently owned by institutional investors.

ING Groep Stock Performance

Shares of ING Groep stock opened at $17.32 on Thursday. ING Groep has a 52 week low of $12.02 and a 52 week high of $17.44. 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 stock has a market capitalization of $60.59 billion, a price-to-earnings ratio of 7.66 and a beta of 1.56. The firm has a fifty day moving average of $15.86 and a two-hundred day moving average of $14.58.

ING Groep Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 25th will be paid a $0.697 dividend. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date is Wednesday, April 24th. This represents a yield of 6.8%. ING Groep’s dividend payout ratio is presently 61.50%.

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.