Aprio Wealth Management LLC Takes Position in ING Groep (NYSE:ING)

Aprio Wealth Management LLC purchased a new stake in ING Groep (NYSE:ING) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,641 shares of the financial services provider’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ING. Fisher Asset Management LLC increased its stake in shares of ING Groep by 8.5% in the 4th quarter. Fisher Asset Management LLC now owns 63,677,437 shares of the financial services provider’s stock valued at $956,435,000 after acquiring an additional 4,995,615 shares during the last quarter. Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 622,037 shares in the last quarter. Bank of New York Mellon Corp increased its stake in ING Groep by 150.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider’s stock worth $10,267,000 after purchasing an additional 359,535 shares in the last quarter. Acadian Asset Management LLC bought a new stake in ING Groep during the 2nd quarter worth approximately $4,626,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in ING Groep by 17.9% during the 1st 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 purchasing an additional 257,440 shares in the last quarter. 4.49% of the stock is owned by institutional investors.

ING Groep Price Performance

NYSE ING opened at $17.64 on Wednesday. The business has a 50 day simple moving average of $17.73 and a 200 day simple moving average of $17.39. ING Groep has a 52-week low of $12.44 and a 52-week high of $18.72. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.12 and a current ratio of 0.95. The stock has a market cap of $61.71 billion, a price-to-earnings ratio of 7.81 and a beta of 1.52.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. ING Groep had a return on equity of 12.65% and a net margin of 30.60%. The business 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. 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 announced a semi-annual dividend, which was paid on Monday, August 19th. Investors of record on Thursday, August 8th were paid a dividend of $0.8143 per share. This represents a yield of 5.9%. This is a boost from ING Groep’s previous semi-annual dividend of $0.70. The ex-dividend date of this dividend was Thursday, August 8th. ING Groep’s dividend payout ratio 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.