ING Groep (NYSE:ING) Shares Bought by Fiduciary Trust Co

Fiduciary Trust Co grew its stake in shares of ING Groep (NYSE:ING) by 7.3% during the fourth quarter, Holdings Channel reports. The firm owned 32,207 shares of the financial services provider’s stock after purchasing an additional 2,188 shares during the period. Fiduciary Trust Co’s holdings in ING Groep were worth $505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ING. Park Avenue Securities LLC raised its holdings in ING Groep by 24.5% during the fourth quarter. Park Avenue Securities LLC now owns 32,703 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 6,427 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in ING Groep by 31.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 154,894 shares of the financial services provider’s stock worth $2,427,000 after purchasing an additional 36,657 shares in the last quarter. Brooklyn Investment Group raised its holdings in ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,207 shares in the last quarter. Galibier Capital Management Ltd. raised its holdings in ING Groep by 15.2% during the fourth quarter. Galibier Capital Management Ltd. now owns 106,208 shares of the financial services provider’s stock worth $1,664,000 after purchasing an additional 14,000 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of ING Groep in the 4th quarter valued at $177,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of ING Groep stock opened at $20.51 on Monday. The firm’s fifty day simple moving average is $19.34 and its 200-day simple moving average is $17.32. The stock has a market capitalization of $71.75 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 6.42 and a beta of 1.15. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13.

ING Groep (NYSE:ING) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $5.74 billion. As a group, equities analysts forecast that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a $0.6526 dividend. This represents a yield of 5.1%. This is a positive change from ING Groep’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, April 25th. ING Groep’s dividend payout ratio (DPR) is 64.45%.

Analysts Set New Price Targets

ING has been the topic of a number of recent research reports. Cfra Research raised shares of ING Groep from a “moderate sell” rating to a “hold” rating in a report on Tuesday, May 6th. The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a report on Thursday, March 27th. Four 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 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.