ING Groep (NYSE:ING) Shares Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC grew its stake in ING Groep (NYSE:ING) by 170.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,164 shares of the financial services provider’s stock after purchasing an additional 67,564 shares during the quarter. Aquatic Capital Management LLC’s holdings in ING Groep were worth $1,679,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Coldstream Capital Management Inc. boosted its holdings in shares of ING Groep by 13.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 22,208 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 2,567 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of ING Groep by 25.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 27,390 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 5,477 shares during the period. Syon Capital LLC raised its holdings in shares of ING Groep by 44.8% during the fourth quarter. Syon Capital LLC now owns 17,901 shares of the financial services provider’s stock valued at $281,000 after buying an additional 5,538 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of ING Groep during the fourth quarter worth approximately $5,577,000. Finally, OneDigital Investment Advisors LLC grew its holdings in ING Groep by 4.7% in the 4th quarter. OneDigital Investment Advisors LLC now owns 23,731 shares of the financial services provider’s stock worth $372,000 after buying an additional 1,059 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

Analysts Set New Price Targets

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 equities research 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ING Groep Stock Up 1.2 %

ING Groep stock opened at $19.62 on Wednesday. The company’s 50-day moving average price is $18.96 and its two-hundred day moving average price is $17.15. The stock has a market cap of $68.63 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 6.42 and a beta of 1.07. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 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%. On average, analysts expect that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a $0.6526 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, April 25th. This is an increase from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s payout ratio is currently 60.75%.

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.