Trexquant Investment LP Purchases 197,528 Shares of ING Groep (NYSE:ING)

Trexquant Investment LP boosted its position in ING Groep (NYSE:ING) by 254.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,018 shares of the financial services provider’s stock after purchasing an additional 197,528 shares during the period. Trexquant Investment LP’s holdings in ING Groep were worth $4,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Clear Street Markets LLC increased its position in shares of ING Groep by 570.3% during the third quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,711 shares during the period. NBC Securities Inc. purchased a new position in shares of ING Groep during the third quarter worth approximately $43,000. GAMMA Investing LLC purchased a new position in shares of ING Groep during the fourth quarter worth approximately $54,000. Global Retirement Partners LLC increased its position in shares of ING Groep by 128.5% during the fourth quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 2,808 shares during the period. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of ING Groep during the fourth quarter worth approximately $116,000. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of ING stock opened at $17.81 on Thursday. The firm has a market cap of $62.29 billion, a price-to-earnings ratio of 7.88 and a beta of 1.56. The company’s 50 day moving average is $16.56 and its 200 day moving average is $14.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24. ING Groep has a 52-week low of $12.21 and a 52-week high of $18.03.

ING Groep Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, May 10th. Investors of record on Thursday, April 25th were issued a dividend of $0.697 per share. This represents a yield of 6.8%. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date of this dividend was Wednesday, April 24th. ING Groep’s dividend payout ratio (DPR) is presently 61.06%.

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.