ING Groep (NYSE:ING) Position Increased by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its holdings in ING Groep (NYSE:ING) by 21.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,188 shares of the financial services provider’s stock after buying an additional 3,155 shares during the quarter. King Luther Capital Management Corp’s holdings in ING Groep were worth $312,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of ING Groep by 85.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 69,174 shares of the financial services provider’s stock worth $1,039,000 after purchasing an additional 31,848 shares during the period. PNC Financial Services Group Inc. lifted its stake in ING Groep by 8.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 97,975 shares of the financial services provider’s stock valued at $1,472,000 after buying an additional 7,353 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in ING Groep during the fourth quarter valued at about $171,000. Wells Fargo & Company MN boosted its holdings in shares of 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 worth $20,021,000 after buying an additional 655,011 shares during the period. Finally, Corient Private Wealth LLC increased its position in shares of ING Groep by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 125,244 shares of the financial services provider’s stock worth $1,881,000 after acquiring an additional 1,307 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Up 0.2 %

NYSE:ING opened at $18.66 on Monday. The business’s fifty day moving average price is $17.81 and its 200 day moving average price is $17.18. The firm has a market capitalization of $65.28 billion, a price-to-earnings ratio of 8.26 and a beta of 1.52. The company has a current ratio of 0.95, a quick ratio of 1.12 and a debt-to-equity ratio of 2.54. ING Groep has a 1-year low of $12.44 and a 1-year high of $18.72.

ING Groep (NYSE:ING) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share for the quarter. The company had revenue of $6.15 billion for the quarter. ING Groep had a return on equity of 12.65% and a net margin of 30.60%. During the same quarter in the prior year, the company earned $0.65 EPS. On average, sell-side analysts forecast that ING Groep will post 2.02 earnings per share for the current fiscal year.

ING Groep Increases Dividend

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

Analyst Ratings Changes

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

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.