Signaturefd LLC Buys 3,512 Shares of ING Groep (NYSE:ING)

Signaturefd LLC grew its stake in shares of ING Groep (NYSE:ING) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 113,436 shares of the financial services provider’s stock after acquiring an additional 3,512 shares during the quarter. Signaturefd LLC’s holdings in ING Groep were worth $1,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ING. Bank of New York Mellon Corp lifted its position in shares of ING Groep by 17.0% during the 1st quarter. Bank of New York Mellon Corp now owns 202,967 shares of the financial services provider’s stock valued at $2,117,000 after acquiring an additional 29,528 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of ING Groep by 17.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,836 shares of the financial services provider’s stock worth $217,000 after buying an additional 3,060 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in shares of ING Groep by 11.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 16,011 shares of the financial services provider’s stock worth $167,000 after buying an additional 1,673 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of ING Groep by 12.8% during the 1st quarter. Private Advisor Group LLC now owns 14,346 shares of the financial services provider’s stock worth $149,000 after buying an additional 1,633 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in shares of ING Groep by 5.0% during the 1st quarter. Cibc World Market Inc. now owns 183,067 shares of the financial services provider’s stock worth $1,909,000 after buying an additional 8,764 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Groep Price Performance

Shares of ING stock opened at $16.20 on Monday. 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 twelve month low of $11.78 and a twelve month high of $17.18. The company has a market cap of $60.37 billion, a P/E ratio of 7.33 and a beta of 1.58. The business has a fifty day simple moving average of $15.16 and a 200 day simple moving average of $14.31.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.48 earnings per share 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. On average, sell-side analysts forecast that ING Groep will post 1.91 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm 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 dividend of $0.697 per share. This is an increase 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 31.22%.

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.