Cetera Investment Advisers Raises Stock Position in ING Groep (NYSE:ING)

Cetera Investment Advisers increased its holdings in shares of ING Groep (NYSE:INGFree Report) by 21.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,238 shares of the financial services provider’s stock after purchasing an additional 21,947 shares during the period. Cetera Investment Advisers’ holdings in ING Groep were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. boosted its position 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 worth $27,000 after buying an additional 662 shares during the period. Richardson Financial Services Inc. acquired a new stake in ING Groep in the fourth quarter valued at approximately $28,000. Summit Securities Group LLC purchased a new stake in shares of ING Groep during the second quarter valued at approximately $31,000. Rothschild Investment LLC acquired a new position in shares of ING Groep during the second quarter worth $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ING Groep in the second quarter valued at $38,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday.

View Our Latest Research Report on ING Groep

ING Groep Price Performance

ING stock opened at $17.41 on Friday. The company has a market capitalization of $60.90 billion, a PE ratio of 7.95 and a beta of 1.52. The company has a quick ratio of 1.12, a current ratio of 0.95 and a debt-to-equity ratio of 2.54. The stock’s 50 day moving average is $17.70 and its two-hundred day moving average is $17.42. ING Groep has a 52-week low of $12.44 and a 52-week high of $18.72.

ING Groep (NYSE:INGGet Free Report) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $6.15 billion for 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 prior year, the company earned $0.65 earnings per share. Analysts predict that ING Groep will post 2.04 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, August 19th. Investors of record on Thursday, August 8th were issued a $0.8143 dividend. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. This represents a yield of 5.9%. The ex-dividend date of this dividend was Thursday, August 8th. ING Groep’s payout ratio is currently 29.68%.

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.

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

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