Global Financial Private Capital LLC Purchases 11,080 Shares of ING Groep NV (ING)

Global Financial Private Capital LLC grew its position in shares of ING Groep NV (NYSE:ING) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,769 shares of the financial services provider’s stock after buying an additional 11,080 shares during the period. Global Financial Private Capital LLC’s holdings in ING Groep were worth $2,857,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ING. Raymond James Financial Services Advisors Inc. increased its position in ING Groep by 17.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,684 shares of the financial services provider’s stock worth $325,000 after buying an additional 2,819 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in ING Groep during the 2nd quarter worth $423,000. Cetera Investment Advisers bought a new position in ING Groep during the 2nd quarter worth $333,000. Sit Investment Associates Inc. increased its position in shares of ING Groep by 2.6% in the third quarter. Sit Investment Associates Inc. now owns 253,025 shares of the financial services provider’s stock worth $4,661,000 after purchasing an additional 6,460 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of ING Groep by 6.0% in the third quarter. Fisher Asset Management LLC now owns 38,178,130 shares of the financial services provider’s stock worth $703,241,000 after purchasing an additional 2,168,788 shares during the period. Hedge funds and other institutional investors own 3.03% of the company’s stock.

ING Groep NV (ING) opened at $18.51 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.09 and a quick ratio of 1.09. ING Groep NV has a 12-month low of $13.63 and a 12-month high of $20.58. The company has a market capitalization of $71,741.15, a price-to-earnings ratio of 13.03, a P/E/G ratio of 1.44 and a beta of 1.20.

The business also recently declared a semiannual dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 26th will be given a $0.5344 dividend. The ex-dividend date is Wednesday, April 25th. This represents a dividend yield of 5.77%. This is a boost from ING Groep’s previous semiannual dividend of $0.45. ING Groep’s dividend payout ratio (DPR) is presently 43.26%.

ING has been the topic of a number of recent analyst reports. Zacks Investment Research cut ING Groep from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. ValuEngine upgraded ING Groep from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. ING Groep currently has an average rating of “Buy” and a consensus target price of $18.00.

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ING Groep Profile

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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