DAVENPORT & Co LLC Has $193,000 Stock Position in ING Groep (NYSE:ING)

DAVENPORT & Co LLC reduced its position in shares of ING Groep (NYSE:ING) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,853 shares of the financial services provider’s stock after selling 1,045 shares during the period. DAVENPORT & Co LLC’s holdings in ING Groep were worth $193,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ING. Clear Street Markets LLC lifted its stake in shares of ING Groep by 570.3% in the 3rd quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,711 shares during the last quarter. NBC Securities Inc. bought a new position in ING Groep in the third quarter valued at about $43,000. Global Retirement Partners LLC raised its position in ING Groep by 128.5% in the fourth 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 during the last quarter. Paradigm Asset Management Co. LLC raised its position in ING Groep by 122.6% in the third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Bruce G. Allen Investments LLC bought a new position in ING Groep in the fourth quarter valued at about $116,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Price Performance

ING Groep stock opened at $16.65 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $62.05 billion, a PE ratio of 7.53, a P/E/G ratio of 3.01 and a beta of 1.58. ING Groep has a 12 month low of $11.78 and a 12 month high of $17.18. The stock has a 50-day moving average price of $14.81 and a two-hundred day moving average price of $14.17.

ING Groep (NYSE:ING) last posted its 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 firm had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $6.15 billion. ING Groep had a net margin of 32.29% and a return on equity of 13.36%. Analysts expect that ING Groep will post 1.94 EPS for the current year.

ING Groep Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be paid a $0.697 dividend. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a dividend yield of 6.8%. ING Groep’s dividend payout ratio is presently 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.