11,250 Shares in ING Groep (NYSE:ING) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in shares of ING Groep (NYSE:ING) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,250 shares of the financial services provider’s stock, valued at approximately $169,000.

Other large investors have also recently bought and sold shares of the company. Camelot Portfolios LLC grew its holdings in shares of ING Groep by 63.3% in the 4th quarter. Camelot Portfolios LLC now owns 48,647 shares of the financial services provider’s stock valued at $731,000 after buying an additional 18,854 shares during the period. Ballentine Partners LLC grew its stake in ING Groep by 6.1% in the fourth quarter. Ballentine Partners LLC now owns 40,437 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 2,335 shares during the period. Drive Wealth Management LLC bought a new stake in shares of ING Groep in the fourth quarter worth about $159,000. Caprock Group LLC raised its position in shares of ING Groep by 4.5% during the fourth quarter. Caprock Group LLC now owns 65,590 shares of the financial services provider’s stock worth $985,000 after purchasing an additional 2,798 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of ING Groep by 128.5% during the 4th quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 2,808 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

ING Groep Price Performance

NYSE ING opened at $15.94 on Monday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.12. ING Groep has a 52-week low of $11.78 and a 52-week high of $17.18. The business has a 50 day simple moving average of $15.44 and a 200 day simple moving average of $14.40. The stock has a market cap of $59.40 billion, a price-to-earnings ratio of 7.21 and a beta of 1.58.

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

ING Groep Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be given a dividend of $0.697 per share. This is a boost 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 is currently 62.90%.

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.