Signaturefd LLC Acquires 3,512 Shares of ING Groep (NYSE:ING)

Signaturefd LLC increased its holdings in shares of ING Groep (NYSE:INGFree Report) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 113,436 shares of the financial services provider’s stock after buying an additional 3,512 shares during the quarter. Signaturefd LLC’s holdings in ING Groep were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ING. Bank of America Corp DE lifted its holdings in ING Groep by 64.0% during the first quarter. Bank of America Corp DE now owns 6,579,854 shares of the financial services provider’s stock worth $78,103,000 after acquiring an additional 2,567,427 shares during the period. Arrowstreet Capital Limited Partnership increased its position in ING Groep by 4,412.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,823,310 shares of the financial services provider’s stock worth $19,017,000 after buying an additional 1,782,900 shares during the last quarter. Goldman Sachs Group Inc. increased its position in ING Groep by 27.1% in the second quarter. Goldman Sachs Group Inc. now owns 7,851,043 shares of the financial services provider’s stock worth $77,882,000 after buying an additional 1,673,262 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in ING Groep in the first quarter worth $9,905,000. Finally, JPMorgan Chase & Co. increased its position in ING Groep by 934.1% in the third quarter. JPMorgan Chase & Co. now owns 914,504 shares of the financial services provider’s stock worth $12,053,000 after buying an additional 826,067 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Groep Stock Performance

NYSE:ING opened at $16.20 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day simple moving average of $15.16 and a two-hundred day simple moving average of $14.31. ING Groep has a 1 year low of $11.78 and a 1 year high of $17.18. The company has a market capitalization of $60.37 billion, a P/E ratio of 7.33 and a beta of 1.58.

ING Groep (NYSE:INGGet Free Report) last released its earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ING Groep had a return on equity of 13.36% and a net margin of 32.29%. The firm had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $6.15 billion. On average, analysts expect that ING Groep will post 1.91 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be given a $0.697 dividend. The ex-dividend date is Wednesday, April 24th. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. This represents a dividend yield of 6.8%. ING Groep’s payout ratio is 31.22%.

About ING Groep

(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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