Creative Planning Grows Stock Holdings in ING Groep (NYSE:ING)

Creative Planning lifted its position in shares of ING Groep (NYSE:ING) by 10.1% during the third quarter, Holdings Channel reports. The institutional investor owned 230,564 shares of the financial services provider’s stock after purchasing an additional 21,159 shares during the period. Creative Planning’s holdings in ING Groep were worth $4,187,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sei Investments Co. lifted its stake in shares of ING Groep by 14.0% during the 1st quarter. Sei Investments Co. now owns 655,159 shares of the financial services provider’s stock valued at $10,804,000 after buying an additional 80,398 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of ING Groep by 51.2% during the 1st quarter. Capital Research Global Investors now owns 203,780 shares of the financial services provider’s stock valued at $3,360,000 after buying an additional 68,966 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of ING Groep by 172.6% during the 1st quarter. Virtu Financial LLC now owns 77,870 shares of the financial services provider’s stock valued at $1,284,000 after buying an additional 49,307 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of ING Groep by 126.1% during the 1st quarter. Quantbot Technologies LP now owns 99,246 shares of the financial services provider’s stock valued at $1,637,000 after buying an additional 55,343 shares in the last quarter. Finally, Boston Partners purchased a new position in shares of ING Groep during the 1st quarter valued at $2,125,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Up 0.8 %

Shares of ING stock opened at $16.86 on Friday. The stock has a market cap of $58.98 billion, a P/E ratio of 7.46 and a beta of 1.52. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.72. The company has a quick ratio of 1.12, a current ratio of 0.95 and a debt-to-equity ratio of 2.54. The company’s fifty day simple moving average is $17.78 and its two-hundred day simple moving average is $17.45.

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. The business had revenue of $6.15 billion for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. During the same quarter in the previous year, the firm earned $0.65 EPS. Analysts predict that ING Groep will post 2.04 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, August 8th. This is an increase from ING Groep’s previous semi-annual dividend of $0.70. This represents a dividend yield of 5.9%. ING Groep’s payout ratio is 28.32%.

Wall Street Analysts Forecast Growth

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

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.