Rehmann Capital Advisory Group Acquires 6,161 Shares of ING Groep (NYSE:ING)

Rehmann Capital Advisory Group increased its holdings in shares of ING Groep (NYSE:ING) by 39.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,632 shares of the financial services provider’s stock after purchasing an additional 6,161 shares during the quarter. Rehmann Capital Advisory Group’s holdings in ING Groep were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Virtu Financial LLC lifted its holdings in shares of ING Groep by 85.1% during the 3rd quarter. Virtu Financial LLC now owns 35,468 shares of the financial services provider’s stock valued at $644,000 after buying an additional 16,310 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in ING Groep during the third quarter valued at $257,000. Confluence Investment Management LLC lifted its holdings in ING Groep by 1.7% in the fourth quarter. Confluence Investment Management LLC now owns 48,238 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 790 shares during the period. Versant Capital Management Inc purchased a new position in ING Groep in the fourth quarter worth about $45,000. Finally, Park Avenue Securities LLC grew its stake in shares of ING Groep by 24.5% during the 4th quarter. Park Avenue Securities LLC now owns 32,703 shares of the financial services provider’s stock valued at $512,000 after purchasing an additional 6,427 shares during the period. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Trading Up 7.1 %

NYSE:ING opened at $20.65 on Friday. The firm has a market capitalization of $72.24 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day moving average price of $19.11 and a 200-day moving average price of $17.20. ING Groep has a one year low of $15.09 and a one year high of $20.79.

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 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%. Sell-side analysts forecast that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

The company 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. The ex-dividend date is Friday, April 25th. This represents a yield of 5.1%. This is an increase from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s dividend payout ratio is currently 60.75%.

Analysts Set New Price Targets

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

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.