Signaturefd LLC Boosts Stake in ING Groep (NYSE:ING)

Signaturefd LLC increased its stake in shares of ING Groep (NYSE:ING) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 119,098 shares of the financial services provider’s stock after purchasing an additional 1,504 shares during the period. Signaturefd LLC’s holdings in ING Groep were worth $2,163,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its holdings in ING Groep by 67.8% during the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock worth $27,000 after buying an additional 662 shares in the last quarter. Summit Securities Group LLC acquired a new stake in ING Groep during the 2nd quarter worth approximately $31,000. Rothschild Investment LLC acquired a new stake in ING Groep during the 2nd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of ING Groep in the 2nd quarter valued at $38,000. Finally, Mather Group LLC. raised its holdings in shares of ING Groep by 57.3% in the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

ING has been the topic of a number of analyst reports. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

ING Groep Price Performance

Shares of NYSE:ING opened at $16.90 on Wednesday. The company’s fifty day moving average price is $17.79 and its 200 day moving average price is $17.46. ING Groep has a 12 month low of $12.44 and a 12 month high of $18.72. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.95 and a quick ratio of 1.12. The firm has a market capitalization of $59.12 billion, a P/E ratio of 7.48 and a beta of 1.52.

ING Groep (NYSE:ING) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 EPS for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. The firm had revenue of $6.15 billion for the quarter. During the same quarter in the prior year, the business earned $0.65 earnings per share. As a group, sell-side analysts predict that ING Groep will post 2.04 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, August 19th. Stockholders of record on Thursday, August 8th were issued a $0.8143 dividend. This is an increase from ING Groep’s previous semi-annual dividend of $0.70. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 5.9%. ING Groep’s payout ratio is presently 28.32%.

ING Groep Company 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.