Legacy Financial Advisors Inc. Grows Stock Position in ING Groep (NYSE:ING)

Legacy Financial Advisors Inc. grew its holdings in ING Groep (NYSE:ING) by 20.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,744 shares of the financial services provider’s stock after buying an additional 2,715 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in ING Groep were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Fisher Asset Management LLC grew its holdings in shares of ING Groep by 8.7% in 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 purchasing an additional 5,094,340 shares during the period. Natixis Advisors L.P. grew its stake in shares of ING Groep by 75.4% in the 4th quarter. Natixis Advisors L.P. now owns 1,802,537 shares of the financial services provider’s stock valued at $27,074,000 after buying an additional 774,781 shares during the period. FMR LLC grew its stake in shares of ING Groep by 10.2% in the 3rd 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 period. Tudor Investment Corp Et Al increased its holdings in shares of ING Groep by 2,784.1% during the 3rd quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock worth $4,349,000 after buying an additional 318,499 shares during the last quarter. Finally, HTLF Bank purchased a new stake in shares of ING Groep during the 4th quarter valued at approximately $4,629,000. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Trading Up 0.8 %

ING traded up $0.13 during trading hours on Friday, reaching $17.18. The company’s stock had a trading volume of 4,083,595 shares, compared to its average volume of 3,367,514. The stock has a market cap of $64.02 billion, a PE ratio of 7.60 and a beta of 1.56. ING Groep has a fifty-two week low of $11.78 and a fifty-two week high of $17.21. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day moving average is $15.72 and its 200-day moving average is $14.49.

ING Groep (NYSE:ING) last announced its quarterly earnings results on Thursday, February 1st. The financial services provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $6.15 billion. ING Groep had a net margin of 32.20% and a return on equity of 13.15%. As a group, equities research analysts predict that ING Groep will post 1.91 earnings per share for the current fiscal 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 issued a $0.697 dividend. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. This represents a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, April 24th. ING Groep’s payout ratio is 61.50%.

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.