US Bancorp DE Has $1.84 Million Stock Position in ING Groep (NYSE:ING)

US Bancorp DE decreased its holdings in ING Groep (NYSE:INGFree Report) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 122,402 shares of the financial services provider’s stock after selling 6,644 shares during the quarter. US Bancorp DE’s holdings in ING Groep were worth $1,838,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Verdence Capital Advisors LLC bought a new position in ING Groep in the fourth quarter valued at approximately $733,000. Raymond James & Associates grew its position in shares of 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 acquiring an additional 116,114 shares during the period. Acadian Asset Management LLC bought a new position in shares of ING Groep in the 3rd quarter valued at about $800,000. HTLF Bank bought a new position in shares of ING Groep in the 4th quarter valued at about $4,629,000. Finally, Tudor Investment Corp Et Al lifted its stake in shares of ING Groep by 2,784.1% during the 3rd quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock worth $4,349,000 after buying an additional 318,499 shares during the last quarter. 4.49% of the stock is owned by institutional investors.

ING Groep Stock Performance

NYSE ING opened at $17.89 on Friday. ING Groep has a 52-week low of $12.21 and a 52-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 firm has a 50-day moving average of $16.85 and a 200-day moving average of $15.15. The stock has a market cap of $62.58 billion, a PE ratio of 7.92 and a beta of 1.56.

ING Groep (NYSE:INGGet Free Report) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.52 EPS for the quarter. The company 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%. On average, sell-side analysts anticipate that ING Groep will post 1.97 EPS for the current year.

ING Groep Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, May 10th. Investors of record on Thursday, April 25th were paid a $0.697 dividend. This is a boost 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 payout ratio is currently 61.06%.

ING Groep Company 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.

See Also

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

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