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

International Assets Investment Management LLC bought a new stake in ING Groep (NYSE:ING) during the fourth quarter, HoldingsChannel.com reports. The firm bought 11,250 shares of the financial services provider’s stock, valued at approximately $169,000.

Other institutional investors have also recently bought and sold shares of the company. Clear Street Markets LLC grew its holdings in shares of ING Groep by 570.3% during the 3rd quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,711 shares during the last quarter. NBC Securities Inc. acquired a new stake in ING Groep in the third quarter valued at approximately $43,000. Global Retirement Partners LLC grew its stake in shares of ING Groep by 128.5% during the fourth quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock worth $69,000 after buying an additional 2,808 shares during the last quarter. Paradigm Asset Management Co. LLC increased its holdings in shares of ING Groep by 122.6% during the third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock worth $91,000 after buying an additional 3,800 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new position in shares of ING Groep in the 4th quarter valued at $116,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Trading Up 1.4 %

Shares of ING stock opened at $15.94 on Monday. ING Groep has a twelve month low of $11.78 and a twelve month high of $17.18. The stock’s fifty day simple moving average is $15.44 and its 200 day simple moving average is $14.40. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $59.40 billion, a P/E ratio of 7.21 and a beta of 1.58.

ING Groep (NYSE:ING) last released its quarterly earnings results 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). The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $6.15 billion. ING Groep had a return on equity of 13.36% and a net margin of 32.29%. As a group, sell-side analysts predict that ING Groep will post 1.91 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm 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 dividend of $0.697 per share. The ex-dividend date is Wednesday, April 24th. This represents a dividend yield of 6.8%. This is an increase from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s dividend payout ratio (DPR) 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.