ING Groep (NYSE:ING) Sets New 52-Week High at $16.52

ING Groep (NYSE:INGGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.52 and last traded at $16.45, with a volume of 181462 shares trading hands. The stock had previously closed at $16.49.

ING Groep Trading Up 0.4 %

The firm’s 50-day moving average price is $14.37 and its 200-day moving average price is $14.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24. The company has a market cap of $61.49 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 2.89 and a beta of 1.58.

ING Groep (NYSE:INGGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). ING Groep had a net margin of 32.29% and a return on equity of 13.36%. The business had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $6.15 billion. As a group, equities research analysts expect that ING Groep will post 1.94 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 25th will be issued a dividend of $0.697 per share. This represents a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, April 24th. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s dividend payout ratio is 29.41%.

Institutional Trading of ING Groep

A number of hedge funds and other institutional investors have recently bought and sold shares of ING. Bank of New York Mellon Corp increased its holdings in ING Groep by 17.0% during the 1st quarter. Bank of New York Mellon Corp now owns 202,967 shares of the financial services provider’s stock worth $2,117,000 after acquiring an additional 29,528 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in ING Groep by 17.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,836 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 3,060 shares during the period. Cetera Advisor Networks LLC increased its holdings in ING Groep by 11.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 16,011 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 1,673 shares during the period. Private Advisor Group LLC increased its holdings in ING Groep by 12.8% during the 1st quarter. Private Advisor Group LLC now owns 14,346 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 1,633 shares during the period. Finally, Cibc World Market Inc. increased its holdings in ING Groep by 5.0% during the 1st quarter. Cibc World Market Inc. now owns 183,067 shares of the financial services provider’s stock worth $1,909,000 after acquiring an additional 8,764 shares during the period. Institutional investors own 4.49% of the company’s stock.

About ING Groep

(Get 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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