ING Groep (NYSE:ING) Shares Acquired by Causeway Capital Management LLC

Causeway Capital Management LLC increased its position in shares of ING Groep (NYSE:ING) by 38.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,491,567 shares of the financial services provider’s stock after acquiring an additional 416,762 shares during the quarter. Causeway Capital Management LLC’s holdings in ING Groep were worth $23,373,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ING. Huntington National Bank boosted its holdings in shares of ING Groep by 1.7% during the fourth quarter. Huntington National Bank now owns 35,030 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 597 shares during the last quarter. IFP Advisors Inc boosted its stake in ING Groep by 25.1% in the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after buying an additional 621 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in ING Groep by 20.0% in the 4th 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 during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of ING Groep by 1.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider’s stock valued at $651,000 after acquiring an additional 716 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of ING Groep by 5.2% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 722 shares during the period. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

ING Groep Stock Performance

Shares of NYSE:ING opened at $18.24 on Monday. The business has a 50-day moving average of $18.44 and a two-hundred day moving average of $17.03. The firm has a market capitalization of $63.79 billion, a PE 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 12 month low of $15.09 and a 12 month high of $20.79.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

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

About ING Groep

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.