JARISLOWSKY FRASER Ltd Has $1.28 Million Stock Holdings in ING Groep (NYSE:ING)

JARISLOWSKY FRASER Ltd increased its holdings in shares of ING Groep (NYSE:ING) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,592 shares of the financial services provider’s stock after purchasing an additional 5,219 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in ING Groep were worth $1,279,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in ING Groep during the fourth quarter worth approximately $25,000. Brooklyn Investment Group grew its stake in ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,207 shares during the period. IFP Advisors Inc grew its stake in ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 621 shares during the period. Whipplewood Advisors LLC acquired a new stake in ING Groep during the fourth quarter worth approximately $55,000. Finally, SRS Capital Advisors Inc. grew its stake in ING Groep by 20.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 665 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Up 1.5%

ING stock opened at $20.51 on Monday. ING Groep has a twelve month low of $15.09 and a twelve month high of $20.79. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock’s 50 day moving average is $19.34 and its 200-day moving average is $17.32. The firm has a market capitalization of $71.75 billion, a PE ratio of 9.58, a P/E/G ratio of 6.42 and a beta of 1.15.

ING Groep (NYSE:ING) last posted its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. Sell-side analysts expect that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a $0.6526 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, April 25th. This is a positive change from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s dividend payout ratio (DPR) is currently 64.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ING shares. Cfra Research raised ING Groep from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group raised ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.