Advisory Services Network LLC Purchases 1,349 Shares of ING Groep (NYSE:ING)

Advisory Services Network LLC boosted its holdings in ING Groep (NYSE:INGFree Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,619 shares of the financial services provider’s stock after buying an additional 1,349 shares during the quarter. Advisory Services Network LLC’s holdings in ING Groep were worth $790,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Orion Portfolio Solutions LLC raised its stake in shares of ING Groep by 121.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 237,653 shares of the financial services provider’s stock valued at $3,458,000 after acquiring an additional 130,482 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in ING Groep by 324.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 92,050 shares of the financial services provider’s stock worth $1,383,000 after purchasing an additional 70,354 shares during the last quarter. Moreno Evelyn V lifted its holdings in ING Groep by 5.7% during the 4th quarter. Moreno Evelyn V now owns 25,210 shares of the financial services provider’s stock worth $379,000 after buying an additional 1,355 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of ING Groep by 17.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,927 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 883 shares during the period. Finally, Assetmark Inc. boosted its holdings in ING Groep by 21.1% in the fourth quarter. Assetmark Inc. now owns 39,059 shares of the financial services provider’s stock valued at $587,000 after acquiring an additional 6,808 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Stock Performance

NYSE:ING opened at $17.89 on Friday. The company has a market capitalization of $62.58 billion, a PE ratio of 7.92 and a beta of 1.56. ING Groep has a fifty-two week low of $12.21 and a fifty-two week high of $18.03. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50 day simple moving average of $16.85 and a two-hundred day simple moving average of $15.15.

ING Groep (NYSE:INGGet Free Report) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share for the quarter. The business had revenue of $6.06 billion during the quarter. ING Groep had a net margin of 32.20% and a return on equity of 13.15%. Research analysts anticipate that ING Groep will post 1.97 earnings per share for the current year.

ING Groep Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, May 10th. Investors of record on Thursday, April 25th were given a dividend of $0.697 per share. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date was Wednesday, April 24th. This represents a dividend yield of 6.8%. ING Groep’s dividend payout ratio is presently 61.06%.

ING Groep Profile

(Free Report)

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.

Further Reading

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

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