Susquehanna International Securities Ltd. Acquires New Holdings in ING Groep (NYSE:ING)

Susquehanna International Securities Ltd. bought a new position in ING Groep (NYSE:ING) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 24,800 shares of the financial services provider’s stock, valued at approximately $425,000.

Several other institutional investors and hedge funds have also bought and sold shares of ING. Fisher Asset Management LLC lifted its position in ING Groep by 8.5% during the fourth quarter. Fisher Asset Management LLC now owns 63,677,437 shares of the financial services provider’s stock valued at $956,435,000 after purchasing an additional 4,995,615 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 valued at $128,693,000 after buying an additional 622,037 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of ING Groep by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 1,930,085 shares of the financial services provider’s stock worth $33,082,000 after acquiring an additional 18,472 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in ING Groep by 17.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,695,710 shares of the financial services provider’s stock worth $27,962,000 after acquiring an additional 257,440 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in ING Groep by 96.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,332,957 shares of the financial services provider’s stock valued at $20,021,000 after acquiring an additional 655,011 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ING Groep Trading Down 1.3 %

Shares of ING opened at $18.34 on Friday. ING Groep has a fifty-two week low of $12.44 and a fifty-two week high of $18.72. The firm has a market cap of $64.16 billion, a price-to-earnings ratio of 8.12 and a beta of 1.52. The firm has a 50 day moving average price of $17.82 and a 200-day moving average price of $17.27. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.12 and a current ratio of 0.95.

ING Groep (NYSE:ING) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share for the quarter. ING Groep had a return on equity of 12.65% and a net margin of 30.60%. The company had revenue of $6.15 billion during the quarter. During the same period last year, the firm posted $0.65 EPS. As a group, equities research analysts forecast that ING Groep will post 2.04 earnings per share for the current year.

ING Groep Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, August 19th. Investors of record on Thursday, August 8th were paid a $0.8143 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This is a boost from ING Groep’s previous semi-annual dividend of $0.70. This represents a dividend yield of 5.9%. ING Groep’s dividend payout ratio (DPR) is presently 28.32%.

ING Groep Company Profile

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.