Headlands Technologies LLC Has $184,000 Stock Position in ING Groep (NYSE:ING)

Headlands Technologies LLC raised its position in ING Groep (NYSE:ING) by 201.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,753 shares of the financial services provider’s stock after buying an additional 7,848 shares during the quarter. Headlands Technologies LLC’s holdings in ING Groep were worth $184,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ING. Natixis Advisors LLC grew its stake in shares of ING Groep by 2.3% in the 4th quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider’s stock valued at $52,989,000 after buying an additional 74,771 shares in the last quarter. Todd Asset Management LLC grew its position in ING Groep by 1.6% in the fourth quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider’s stock worth $43,436,000 after acquiring an additional 42,851 shares in the last quarter. American Century Companies Inc. grew its position in ING Groep by 4.7% in the fourth quarter. American Century Companies Inc. now owns 1,240,735 shares of the financial services provider’s stock worth $19,442,000 after acquiring an additional 55,257 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of ING Groep by 1.6% during the 4th quarter. HighTower Advisors LLC now owns 963,306 shares of the financial services provider’s stock worth $15,095,000 after purchasing an additional 15,118 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ING Groep during the 4th quarter valued at $14,375,000. 4.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

ING Groep Stock Down 8.7 %

Shares of ING Groep stock opened at $17.35 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock has a 50 day moving average price of $18.34 and a two-hundred day moving average price of $17.09. The stock has a market capitalization of $60.70 billion, a P/E ratio of 8.11, a PEG ratio of 6.42 and a beta of 1.07. ING Groep has a 12-month low of $15.09 and a 12-month high of $20.79.

ING Groep (NYSE:ING) last released its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Equities analysts expect that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

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