Envestnet Asset Management Inc. Buys 1,455 Shares of ING Groep (NYSE:ING)

Envestnet Asset Management Inc. increased its position in ING Groep (NYSE:ING) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,019,828 shares of the financial services provider’s stock after buying an additional 1,455 shares during the period. Envestnet Asset Management Inc. owned 0.06% of ING Groep worth $31,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in ING Groep by 18.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 212,174 shares of the financial services provider’s stock valued at $3,853,000 after purchasing an additional 32,701 shares in the last quarter. State Street Corp grew its holdings in shares of ING Groep by 1.3% during the third quarter. State Street Corp now owns 358,479 shares of the financial services provider’s stock valued at $6,510,000 after buying an additional 4,542 shares during the last quarter. M&T Bank Corp increased its position in shares of ING Groep by 4.7% during the third quarter. M&T Bank Corp now owns 34,227 shares of the financial services provider’s stock worth $622,000 after acquiring an additional 1,535 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of ING Groep by 20.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 19,641 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 3,340 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in ING Groep by 52.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 15,471 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 5,295 shares in the last quarter. 4.49% of the stock is owned by institutional investors.

ING Groep Price Performance

ING opened at $18.24 on Friday. The firm’s fifty day moving average price is $18.44 and its two-hundred day moving average price is $17.04. The company has a market capitalization of $63.79 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 6.42 and a beta of 1.07. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a 1 year low of $15.09 and a 1 year high of $20.79.

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

ING Groep Increases Dividend

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

Analysts Set New Price Targets

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

ING Groep 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.