Caprock Group LLC Grows Stock Holdings in ING Groep (NYSE:ING)

Caprock Group LLC grew its stake in shares of ING Groep (NYSE:ING) by 44.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 92,586 shares of the financial services provider’s stock after buying an additional 28,646 shares during the period. Caprock Group LLC’s holdings in ING Groep were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in ING Groep by 14.0% during the 1st quarter. Sei Investments Co. now owns 655,159 shares of the financial services provider’s stock worth $10,804,000 after purchasing an additional 80,398 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of ING Groep by 51.2% in the first quarter. Capital Research Global Investors now owns 203,780 shares of the financial services provider’s stock worth $3,360,000 after buying an additional 68,966 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of ING Groep in the first quarter valued at approximately $807,000. Lighthouse Investment Partners LLC purchased a new position in ING Groep during the fourth quarter valued at approximately $1,402,000. Finally, Goldman Sachs Group Inc. increased its holdings in ING Groep by 7.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 8,568,136 shares of the financial services provider’s stock worth $128,693,000 after acquiring an additional 622,037 shares during the period. 4.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

ING Groep Price Performance

Shares of NYSE ING opened at $17.89 on Tuesday. The stock’s 50-day simple moving average is $17.76 and its two-hundred day simple moving average is $16.91. ING Groep has a twelve month low of $12.44 and a twelve month high of $18.66. The firm has a market capitalization of $62.58 billion, a P/E ratio of 7.92 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 (NYSE:ING) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 EPS for the quarter. The company had revenue of $6.15 billion during the quarter. ING Groep had a return on equity of 12.65% and a net margin of 30.60%. During the same period in the previous year, the firm posted $0.65 EPS. As a group, equities analysts anticipate that ING Groep will post 2.02 EPS for the current fiscal year.

ING Groep Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, August 19th. Stockholders of record on Thursday, August 8th were given a dividend of $0.8143 per share. The ex-dividend date 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 (DPR) is 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.