ING Groep (NYSE:ING) Shares Purchased by &Partners

&Partners grew its position in shares of ING Groep (NYSE:ING) by 78.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,760 shares of the financial services provider’s stock after acquiring an additional 8,700 shares during the quarter. &Partners’ holdings in ING Groep were worth $339,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ING. Financial Management Professionals Inc. grew its stake 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 worth $27,000 after purchasing an additional 662 shares in the last quarter. Richardson Financial Services Inc. bought a new position in ING Groep in the 4th quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ING Groep during the 2nd quarter valued at about $38,000. MFA Wealth Advisors LLC bought a new stake in shares of ING Groep during the 2nd quarter worth about $50,000. Finally, GAMMA Investing LLC acquired a new stake in shares of ING Groep in the 4th quarter worth approximately $54,000. Institutional investors own 4.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays raised ING Groep from an “equal weight” rating to an “overweight” rating in a report on Friday, June 7th.

ING Groep Trading Up 1.8 %

Shares of ING Groep stock opened at $17.85 on Monday. The business has a fifty day simple moving average of $17.55 and a 200-day simple moving average of $16.55. The firm has a market cap of $62.44 billion, a price-to-earnings ratio of 7.90 and a beta of 1.54. ING Groep has a fifty-two week low of $12.44 and a fifty-two week high of $18.66. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.

ING Groep (NYSE:ING) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.71%. The company had revenue of $6.15 billion during the quarter. During the same period in the previous year, the company posted $0.65 earnings per share. On average, equities analysts forecast that ING Groep will post 2.02 EPS for the current fiscal year.

ING Groep Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, August 8th were issued a $0.8143 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 5.9%. This is a boost from ING Groep’s previous semi-annual dividend of $0.70. ING Groep’s dividend payout ratio is currently 28.32%.

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.