ING Groep (NYSE:ING) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its stake in shares of ING Groep (NYSE:ING) by 40.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,915 shares of the financial services provider’s stock after purchasing an additional 11,558 shares during the quarter. Invesco Ltd.’s holdings in ING Groep were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ING. Huntington National Bank grew its stake in ING Groep by 1.7% during the 4th quarter. Huntington National Bank now owns 35,030 shares of the financial services provider’s stock worth $549,000 after buying an additional 597 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 621 shares during the period. SRS Capital Advisors Inc. grew its position in shares of ING Groep by 20.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 665 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of ING Groep by 1.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 716 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in ING Groep by 5.2% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 722 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Trading Up 7.1 %

NYSE:ING opened at $20.65 on Friday. The stock has a market cap of $72.24 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 6.42 and a beta of 1.07. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a 1 year low of $15.09 and a 1 year high of $20.79. The business has a fifty day moving average of $19.11 and a 200-day moving average of $17.20.

ING Groep (NYSE:ING) last announced its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Equities analysts predict that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a dividend of $0.6526 per share. This is a boost from ING Groep’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, April 25th. This represents a yield of 5.1%. ING Groep’s payout ratio is presently 60.75%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of ING Groep from a “neutral” rating to a “buy” rating in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ING Groep currently has a consensus rating of “Moderate Buy”.

About ING Groep

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.