Nilsine Partners LLC Boosts Holdings in ING Groep (NYSE:ING)

Nilsine Partners LLC raised its position in shares of ING Groep (NYSE:ING) by 69.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 18,253 shares of the financial services provider’s stock after purchasing an additional 7,481 shares during the period. Nilsine Partners LLC’s holdings in ING Groep were worth $301,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ING. Fisher Asset Management LLC raised its position in shares of ING Groep by 8.7% during the fourth quarter. Fisher Asset Management LLC now owns 63,776,162 shares of the financial services provider’s stock valued at $957,918,000 after buying an additional 5,094,340 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of ING Groep by 7.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 8,568,136 shares of the financial services provider’s stock valued at $128,693,000 after buying an additional 622,037 shares during the last quarter. Aristotle Capital Management LLC raised its position in shares of ING Groep by 0.3% during the third quarter. Aristotle Capital Management LLC now owns 7,158,995 shares of the financial services provider’s stock valued at $94,356,000 after buying an additional 21,110 shares during the last quarter. FMR LLC raised its position in shares of ING Groep by 10.2% during the third quarter. FMR LLC now owns 5,113,296 shares of the financial services provider’s stock valued at $67,393,000 after buying an additional 474,505 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in ING Groep by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,799,350 shares of the financial services provider’s stock valued at $36,895,000 after purchasing an additional 98,057 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Price Performance

ING Groep stock traded down $0.08 during mid-day trading on Tuesday, reaching $15.80. 2,506,009 shares of the company’s stock traded hands, compared to its average volume of 3,094,134. ING Groep has a 12-month low of $11.78 and a 12-month high of $17.18. The company has a market cap of $58.88 billion, a price-to-earnings ratio of 7.15 and a beta of 1.58. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24. The stock has a 50 day moving average of $15.54 and a two-hundred day moving average of $14.44.

ING Groep (NYSE:ING) last issued its earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). ING Groep had a return on equity of 13.36% and a net margin of 32.29%. The business had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $6.15 billion. Equities analysts forecast that ING Groep will post 1.91 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 25th will be given a $0.697 dividend. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. This represents a dividend yield of 6.8%. The ex-dividend date is Wednesday, April 24th. ING Groep’s dividend payout ratio (DPR) is presently 62.90%.

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.