Sanders Capital LLC Increases Position in ING Groep (NYSE:ING)

Sanders Capital LLC grew its holdings in ING Groep (NYSE:ING) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 219,066 shares of the financial services provider’s stock after acquiring an additional 3,400 shares during the period. Sanders Capital LLC’s holdings in ING Groep were worth $3,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Roxbury Financial LLC purchased a new position in ING Groep during the fourth quarter worth approximately $25,000. Brooklyn Investment Group boosted its position in shares of ING Groep by 184.8% during the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,207 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of ING Groep in the fourth quarter valued at about $45,000. IFP Advisors Inc increased its position in ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 621 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in ING Groep during the fourth quarter worth about $55,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Stock Performance

Shares of ING Groep stock opened at $18.24 on Friday. The firm has a market cap of $63.79 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79. The business’s fifty day simple moving average is $18.44 and its 200-day simple moving average is $17.04.

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

ING Groep Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a $0.6526 dividend. This represents a 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 dividend payout ratio (DPR) is 60.75%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Three investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.