ING Groep (NYSE:ING) Shares Purchased by Boston Common Asset Management LLC

Boston Common Asset Management LLC increased its holdings in shares of ING Groep (NYSE:ING) by 26.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,051 shares of the financial services provider’s stock after purchasing an additional 57,994 shares during the quarter. Boston Common Asset Management LLC’s holdings in ING Groep were worth $5,506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Roxbury Financial LLC acquired a new stake in shares of ING Groep during the 4th quarter worth about $25,000. Redwood Investments LLC acquired a new stake in shares of ING Groep during the 4th quarter worth about $41,000. IFP Advisors Inc increased its position in shares of ING Groep by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 621 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of ING Groep during the 4th quarter worth about $55,000. Finally, SRS Capital Advisors Inc. increased its position in shares of ING Groep by 20.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 665 shares during the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Groep Stock Performance

NYSE ING opened at $20.99 on Thursday. The company has a market cap of $73.43 billion, a P/E ratio of 9.81, a P/E/G ratio of 6.42 and a beta of 1.15. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average of $19.62 and a two-hundred day moving average of $17.71. ING Groep has a 1-year low of $15.09 and a 1-year high of $21.76.

ING Groep (NYSE:ING) last released its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. ING Groep had a net margin of 28.30% and a return on equity of 11.81%. As a group, analysts anticipate that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a $0.6526 dividend. This represents a dividend yield of 5.1%. The ex-dividend date was Friday, April 25th. This is a boost from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s dividend payout ratio (DPR) is presently 64.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Cfra Research raised ING Groep from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group raised ING Groep from a “neutral” rating to a “buy” rating in a research report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ING Groep currently has an average rating of “Moderate Buy”.

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.