Kestra Private Wealth Services LLC Makes New $261,000 Investment in ING Groep (NYSE:ING)

Kestra Private Wealth Services LLC bought a new position in shares of ING Groep (NYSE:ING) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,403 shares of the financial services provider’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ING. Cambridge Investment Research Advisors Inc. grew its stake in shares of ING Groep by 19.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 21,696 shares of the financial services provider’s stock worth $286,000 after buying an additional 3,483 shares during the last quarter. Advisor Partners II LLC lifted its holdings in shares of ING Groep by 10.5% during the third quarter. Advisor Partners II LLC now owns 152,514 shares of the financial services provider’s stock worth $2,010,000 after purchasing an additional 14,455 shares during the period. Paradigm Asset Management Co. LLC lifted 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 purchasing an additional 3,800 shares during the period. Beck Bode LLC acquired a new position in shares of ING Groep during the third quarter worth $635,000. Finally, Channing Global Advisors LLC lifted its holdings in shares of ING Groep by 14.9% during the third quarter. Channing Global Advisors LLC now owns 47,004 shares of the financial services provider’s stock worth $620,000 after purchasing an additional 6,095 shares during the period. Institutional investors own 4.49% of the company’s stock.

ING Groep Price Performance

Shares of NYSE:ING opened at $17.32 on Thursday. The firm has a market cap of $60.59 billion, a PE ratio of 7.66 and a beta of 1.56. The firm’s fifty day moving average is $15.86 and its 200-day moving average is $14.58. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.12. ING Groep has a 52 week low of $12.02 and a 52 week high of $17.44.

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 issued a dividend of $0.697 per share. This represents a dividend yield of 6.8%. The ex-dividend date is Wednesday, April 24th. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s payout ratio is 61.50%.

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.