Stifel Financial Corp Has $10.77 Million Position in ING Groep (NYSE:ING)

Stifel Financial Corp grew its stake in shares of ING Groep (NYSE:ING) by 0.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 687,476 shares of the financial services provider’s stock after acquiring an additional 994 shares during the quarter. Stifel Financial Corp’s holdings in ING Groep were worth $10,773,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ING. Natixis Advisors LLC increased its holdings in ING Groep by 2.3% in the 4th quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider’s stock valued at $52,989,000 after buying an additional 74,771 shares during the period. Todd Asset Management LLC raised its position in ING Groep by 1.6% during the fourth quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider’s stock valued at $43,436,000 after purchasing an additional 42,851 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in ING Groep by 7.4% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,774,430 shares of the financial services provider’s stock worth $27,806,000 after purchasing an additional 121,620 shares during the last quarter. Causeway Capital Management LLC boosted its holdings in shares of ING Groep by 38.8% in the 4th quarter. Causeway Capital Management LLC now owns 1,491,567 shares of the financial services provider’s stock valued at $23,373,000 after purchasing an additional 416,762 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of ING Groep by 4.7% in the 4th quarter. American Century Companies Inc. now owns 1,240,735 shares of the financial services provider’s stock valued at $19,442,000 after purchasing an additional 55,257 shares during the last quarter. Institutional investors own 4.49% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ING Groep Stock Up 0.5 %

Shares of NYSE:ING opened at $18.65 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a 52-week low of $15.09 and a 52-week high of $20.79. The company has a market capitalization of $65.22 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. The company has a fifty day moving average of $18.65 and a 200-day moving average of $17.06.

ING Groep (NYSE:ING) last issued 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%. On average, equities analysts predict that ING Groep will post 2.14 EPS 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. Stockholders of record on Friday, April 25th will be issued a dividend of $0.6526 per share. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, April 25th. This is a positive change from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s payout ratio is 60.75%.

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.