Evergreen Capital Management LLC Acquires 1,161 Shares of ING Groep (NYSE:ING)

Evergreen Capital Management LLC boosted its holdings in ING Groep (NYSE:ING) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,229 shares of the financial services provider’s stock after buying an additional 1,161 shares during the period. Evergreen Capital Management LLC’s holdings in ING Groep were worth $621,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Beverly Hills Private Wealth LLC grew its stake in shares of ING Groep by 4.7% in the second quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 602 shares during the last quarter. Gallacher Capital Management LLC grew its position in ING Groep by 2.8% in the 1st quarter. Gallacher Capital Management LLC now owns 21,892 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 604 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of ING Groep by 3.8% during the 2nd quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 637 shares during the period. Pzena Investment Management LLC raised its position in shares of ING Groep by 1.2% during the second quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock valued at $922,000 after buying an additional 640 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in shares of ING Groep by 67.8% in the first quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock valued at $27,000 after buying an additional 662 shares during the period. 4.49% of the stock is owned by institutional investors.

ING Groep Stock Performance

Shares of NYSE ING opened at $18.02 on Thursday. The firm has a market capitalization of $63.04 billion, a price-to-earnings ratio of 7.97 and a beta of 1.52. ING Groep has a one year low of $12.44 and a one year high of $18.72. The business has a fifty day simple moving average of $17.82 and a 200 day simple moving average of $17.24. The company has a current ratio of 0.95, a quick ratio of 1.12 and a debt-to-equity ratio of 2.54.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 EPS for the quarter. The company had revenue of $6.15 billion during the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. During the same period in the previous year, the business posted $0.65 earnings per share. Sell-side analysts expect that ING Groep will post 2.04 EPS for the current year.

ING Groep Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, August 19th. Stockholders of record on Thursday, August 8th were paid a $0.8143 dividend. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. This represents a dividend yield of 5.9%. The ex-dividend date was Thursday, August 8th. ING Groep’s dividend payout ratio is currently 28.76%.

Wall Street Analyst Weigh In

Separately, Barclays upgraded ING Groep from an “equal weight” rating to an “overweight” rating in a research note on Friday, June 7th.

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.