Werba Rubin Papier Wealth Management Invests $185,000 in ING Groep (NYSE:ING)

Werba Rubin Papier Wealth Management purchased a new stake in ING Groep (NYSE:ING) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,201 shares of the financial services provider’s stock, valued at approximately $185,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ING. Financial Management Professionals Inc. boosted its position in shares of ING Groep by 67.8% in the first quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 662 shares during the period. Summit Securities Group LLC bought a new stake in ING Groep in the 2nd quarter valued at about $31,000. Rothschild Investment LLC bought a new stake in ING Groep in the 2nd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ING Groep during the 2nd quarter worth approximately $38,000. Finally, Mather Group LLC. increased its holdings in shares of ING Groep by 57.3% during the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 782 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Groep Price Performance

ING stock opened at $17.38 on Monday. The company’s 50-day moving average price is $17.77 and its two-hundred day moving average price is $17.45. The firm has a market cap of $60.80 billion, a P/E ratio of 7.69 and a beta of 1.52. The company has a quick ratio of 1.12, a current ratio of 0.95 and a debt-to-equity ratio of 2.54. ING Groep has a 12 month low of $12.44 and a 12 month high of $18.72.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. The business had revenue of $6.15 billion for the quarter. During the same period last year, the business earned $0.65 earnings per share. On average, analysts anticipate that ING Groep will post 2.04 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, August 19th. Investors of record on Thursday, August 8th were given a dividend of $0.8143 per share. This is an increase from ING Groep’s previous semi-annual dividend of $0.70. This represents a dividend yield of 5.9%. The ex-dividend date was Thursday, August 8th. ING Groep’s dividend payout ratio is currently 28.32%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Citigroup upgraded ING Groep to a “strong-buy” rating in a research report on Thursday.

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.