3,809 Shares in ING Groep (NYSE:ING) Purchased by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of ING Groep (NYSE:ING) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,809 shares of the financial services provider’s stock, valued at approximately $54,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC acquired a new stake in ING Groep in the 4th quarter valued at about $733,000. Raymond James & Associates increased its position in ING Groep by 31.1% in the 4th quarter. Raymond James & Associates now owns 488,936 shares of the financial services provider’s stock valued at $7,344,000 after acquiring an additional 116,114 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in ING Groep in the 3rd quarter valued at about $800,000. HTLF Bank acquired a new stake in ING Groep in the 4th quarter valued at about $4,629,000. Finally, Tudor Investment Corp Et Al increased its position in ING Groep by 2,784.1% in the 3rd quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock valued at $4,349,000 after acquiring an additional 318,499 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Trading Up 0.8 %

ING opened at $15.93 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $59.36 billion, a PE ratio of 7.21 and a beta of 1.58. ING Groep has a 1-year low of $11.78 and a 1-year high of $17.18. The firm has a 50-day moving average price of $15.58 and a two-hundred day moving average price of $14.45.

ING Groep (NYSE:ING) last issued its earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $6.15 billion. ING Groep had a net margin of 32.29% and a return on equity of 13.36%. As a group, equities analysts anticipate that ING Groep will post 1.91 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be paid a $0.697 dividend. This represents a dividend yield of 6.8%. The ex-dividend date of this dividend is Wednesday, April 24th. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s dividend payout ratio (DPR) is 62.90%.

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.