Keel Point LLC purchased a new position in ING Groep (NYSE:ING – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 10,198 shares of the financial services provider’s stock, valued at approximately $153,000.
Other institutional investors have also modified their holdings of the company. Clear Street Markets LLC lifted its stake in shares of ING Groep by 570.3% in the third quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,711 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of ING Groep in the third quarter worth about $43,000. Global Retirement Partners LLC lifted its stake in shares of ING Groep by 128.5% in the fourth quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 2,808 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its stake in shares of ING Groep by 122.6% in the third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of ING Groep in the fourth quarter worth about $116,000. Institutional investors and hedge funds own 4.49% of the company’s stock.
ING Groep Trading Up 1.4 %
NYSE:ING opened at $15.87 on Thursday. The business’s 50-day simple moving average is $15.03 and its 200 day simple moving average is $14.26. ING Groep has a one year low of $11.78 and a one year high of $17.18. The stock has a market cap of $59.12 billion, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of 2.78 and a beta of 1.58. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.12.
ING Groep Increases Dividend
The business also recently declared a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be given a dividend of $0.697 per share. This represents a dividend yield of 6.8%. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date is Wednesday, April 24th. ING Groep’s dividend payout ratio is presently 31.22%.
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.
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