EP Wealth Advisors LLC Purchases Shares of 10,454 ING Groep (NYSE:ING)

EP Wealth Advisors LLC acquired a new position in shares of ING Groep (NYSE:ING) in the 4th quarter, Holdings Channel.com reports. The firm acquired 10,454 shares of the financial services provider’s stock, valued at approximately $164,000.

Other institutional investors also recently made changes to their positions in the company. Roxbury Financial LLC bought a new stake in shares of ING Groep in the fourth quarter valued at about $25,000. Brooklyn Investment Group grew its position in shares of ING Groep by 184.8% during the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,207 shares in the last quarter. IFP Advisors Inc increased 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 worth $48,000 after purchasing an additional 621 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of ING Groep in the fourth quarter valued at approximately $55,000. Finally, SRS Capital Advisors Inc. raised its position in shares of ING Groep by 20.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider’s stock valued at $62,000 after buying an additional 665 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

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

ING Groep Stock Performance

Shares of ING Groep stock opened at $21.10 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The company has a market cap of $73.81 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. The company has a 50 day moving average of $19.39 and a 200-day moving average of $17.39. ING Groep has a 1-year low of $15.09 and a 1-year high of $21.13.

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

ING Groep Increases Dividend

The business also recently declared 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 is an increase from ING Groep’s previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. The ex-dividend date was Friday, April 25th. ING Groep’s dividend payout ratio (DPR) is presently 64.45%.

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.