OneDigital Investment Advisors LLC Increases Stock Position in ING Groep (NYSE:ING)

OneDigital Investment Advisors LLC boosted its position in shares of ING Groep (NYSE:ING) by 4.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,731 shares of the financial services provider’s stock after acquiring an additional 1,059 shares during the period. OneDigital Investment Advisors LLC’s holdings in ING Groep were worth $372,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in shares of ING Groep by 253.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 92,002 shares of the financial services provider’s stock valued at $1,442,000 after purchasing an additional 65,972 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of ING Groep by 7.4% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,774,430 shares of the financial services provider’s stock valued at $27,806,000 after buying an additional 121,620 shares in the last quarter. Capital Research Global Investors lifted its position in shares of ING Groep by 3.0% during the 4th quarter. Capital Research Global Investors now owns 224,010 shares of the financial services provider’s stock valued at $3,508,000 after buying an additional 6,542 shares in the last quarter. First Trust Advisors LP grew its stake in ING Groep by 197.1% in the 4th quarter. First Trust Advisors LP now owns 188,448 shares of the financial services provider’s stock valued at $2,953,000 after acquiring an additional 125,017 shares during the period. Finally, Forum Financial Management LP increased its holdings in ING Groep by 10.4% in the 4th quarter. Forum Financial Management LP now owns 47,283 shares of the financial services provider’s stock worth $741,000 after acquiring an additional 4,467 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

NYSE ING opened at $19.18 on Monday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $18.86 and its 200-day simple moving average is $17.12. The company has a market cap of $67.10 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. ING Groep has a 1-year low of $15.09 and a 1-year high of $20.79.

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

ING Groep Increases Dividend

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

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.