SVB Wealth LLC lifted its holdings in ING Groep (NYSE:ING – Free Report) by 15.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,009 shares of the financial services provider’s stock after buying an additional 1,755 shares during the period. SVB Wealth LLC’s holdings in ING Groep were worth $195,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in ING. Raymond James & Associates increased its position in ING Groep by 31.1% in the 4th quarter. Raymond James & Associates now owns 488,936 shares of the financial services provider’s stock valued at $7,344,000 after buying an additional 116,114 shares in the last quarter. Acadian Asset Management LLC purchased a new position in ING Groep in the third quarter valued at approximately $800,000. Tudor Investment Corp Et Al lifted its stake in ING Groep by 2,784.1% in the third quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock valued at $4,349,000 after purchasing an additional 318,499 shares during the last quarter. QRG Capital Management Inc. purchased a new position in ING Groep in the third quarter valued at approximately $3,006,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in ING Groep in the fourth quarter valued at approximately $1,581,000. 4.49% of the stock is owned by institutional investors.
ING Groep Price Performance
ING Groep stock opened at $16.72 on Wednesday. The business’s 50 day simple moving average is $15.30 and its 200 day simple moving average is $14.35. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.24. ING Groep has a 12 month low of $11.78 and a 12 month high of $17.18. The company has a market cap of $62.29 billion, a price-to-earnings ratio of 7.56 and a beta of 1.58.
ING Groep Increases Dividend
The company also recently declared a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be issued a $0.697 dividend. The ex-dividend date is Wednesday, April 24th. This represents a dividend yield of 6.8%. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s dividend payout ratio is presently 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.
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