Mount Yale Investment Advisors LLC Increases Stock Position in ING Groep (NYSE:ING)

Mount Yale Investment Advisors LLC lifted its holdings in shares of ING Groep (NYSE:INGGet Rating) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,682 shares of the financial services provider’s stock after acquiring an additional 2,010 shares during the period. Mount Yale Investment Advisors LLC’s holdings in ING Groep were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of ING Groep by 7.8% during the fourth quarter. Fifth Third Bancorp now owns 58,204 shares of the financial services provider’s stock worth $810,000 after purchasing an additional 4,188 shares during the period. Eagle Global Advisors LLC lifted its holdings in shares of ING Groep by 0.6% during the fourth quarter. Eagle Global Advisors LLC now owns 255,798 shares of the financial services provider’s stock worth $3,561,000 after purchasing an additional 1,564 shares during the period. Calamos Wealth Management LLC lifted its holdings in shares of ING Groep by 5.2% during the fourth quarter. Calamos Wealth Management LLC now owns 179,569 shares of the financial services provider’s stock worth $2,500,000 after purchasing an additional 8,888 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of ING Groep by 3.8% during the fourth quarter. Quadrant Capital Group LLC now owns 29,300 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 1,068 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of ING Groep during the fourth quarter worth $8,172,000. Institutional investors and hedge funds own 3.78% of the company’s stock.

ING Groep stock opened at $10.28 on Monday. The stock has a market cap of $40.10 billion, a PE ratio of 6.99, a P/E/G ratio of 0.75 and a beta of 1.85. The stock has a 50-day moving average price of $11.98 and a 200 day moving average price of $13.67. ING Groep has a 52 week low of $8.97 and a 52 week high of $15.97. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.74.

ING Groep (NYSE:INGGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $4.94 billion. ING Groep had a return on equity of 8.68% and a net margin of 25.83%. On average, equities analysts predict that ING Groep will post 1.03 EPS for the current year.

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, May 16th. Investors of record on Thursday, April 28th will be given a dividend of $0.4525 per share. This represents a yield of 8.2%. The ex-dividend date of this dividend is Wednesday, April 27th. This is a boost from ING Groep’s previous semi-annual dividend of $0.12. ING Groep’s dividend payout ratio (DPR) is currently 31.97%.

Several equities research analysts recently weighed in on ING shares. JPMorgan Chase & Co. decreased their price target on ING Groep from €15.00 ($16.48) to €12.70 ($13.96) in a report on Monday, March 14th. UBS Group raised their target price on ING Groep from €16.30 ($17.91) to €17.00 ($18.68) and gave the company a “buy” rating in a report on Monday, February 7th. Royal Bank of Canada reduced their target price on ING Groep from €15.00 ($16.48) to €14.50 ($15.93) in a report on Friday, February 4th. Morgan Stanley reduced their target price on ING Groep from €15.60 ($17.14) to €13.00 ($14.29) in a report on Thursday, March 24th. Finally, Zacks Investment Research downgraded ING Groep from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, ING Groep has an average rating of “Hold” and an average price target of $14.18.

ING Groep Company Profile (Get Rating)

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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