Clearbridge Investments LLC increased its position in shares of ING Groep NV (NYSE:ING) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,171,246 shares of the financial services provider’s stock after buying an additional 99,255 shares during the quarter. Clearbridge Investments LLC’s holdings in ING Groep were worth $21,621,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in ING Groep by 4.7% in the 4th quarter. Fisher Asset Management LLC now owns 39,991,232 shares of the financial services provider’s stock valued at $738,238,000 after acquiring an additional 1,813,102 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of ING Groep by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,074,863 shares of the financial services provider’s stock valued at $56,762,000 after purchasing an additional 90,525 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of ING Groep by 9.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,974,651 shares of the financial services provider’s stock valued at $54,793,000 after purchasing an additional 262,142 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of ING Groep by 29.8% in the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 1,598,915 shares of the financial services provider’s stock valued at $29,516,000 after purchasing an additional 367,355 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of ING Groep by 69.5% in the 4th quarter. Assetmark Inc. now owns 1,206,474 shares of the financial services provider’s stock valued at $22,272,000 after purchasing an additional 494,809 shares during the last quarter. Hedge funds and other institutional investors own 3.22% of the company’s stock.
Shares of NYSE:ING traded down $0.15 during trading on Friday, hitting $16.80. 3,772,717 shares of the company were exchanged, compared to its average volume of 2,967,397. The company has a market cap of $65,864.14, a P/E ratio of 11.67, a P/E/G ratio of 1.38 and a beta of 1.36. ING Groep NV has a 52-week low of $14.55 and a 52-week high of $20.58. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.09 and a quick ratio of 1.09.
ING Groep (NYSE:ING) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. ING Groep had a return on equity of 10.22% and a net margin of 27.70%. The company had revenue of $5.14 billion for the quarter. analysts expect that ING Groep NV will post 1.71 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 26th will be given a dividend of $0.5344 per share. This is an increase from ING Groep’s previous semiannual dividend of $0.45. The ex-dividend date is Wednesday, April 25th. This represents a yield of 5.77%. ING Groep’s dividend payout ratio (DPR) is presently 42.36%.
A number of equities research analysts recently weighed in on the company. ValuEngine downgraded ING Groep from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. UBS reaffirmed a “buy” rating on shares of ING Groep in a research note on Monday, December 11th. Finally, Zacks Investment Research raised ING Groep from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $18.00.
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ING Groep Company Profile
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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