Atomi Financial Group Inc. lifted its holdings in ING Groep (NYSE:ING – Free Report) by 63.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 60,468 shares of the financial services provider’s stock after acquiring an additional 23,498 shares during the quarter. Atomi Financial Group Inc.’s holdings in ING Groep were worth $1,098,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its stake in 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 during the last quarter. Summit Securities Group LLC bought a new stake in shares of ING Groep in the 2nd quarter valued at about $31,000. Rothschild Investment LLC purchased a new stake in ING Groep during the 2nd quarter valued at about $31,000. Richardson Financial Services Inc. purchased a new stake in ING Groep during the 4th quarter valued at about $28,000. Finally, Mather Group LLC. grew its position in ING Groep by 57.3% during the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 782 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.
ING Groep Stock Performance
Shares of ING stock opened at $17.64 on Wednesday. The company has a market capitalization of $61.71 billion, a P/E ratio of 7.81 and a beta of 1.52. ING Groep has a fifty-two week low of $12.44 and a fifty-two 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 50 day moving average price of $17.73 and a two-hundred day moving average price of $17.39.
ING Groep Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Monday, August 19th. Stockholders of record on Thursday, August 8th were issued a dividend of $0.8143 per share. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. This represents a dividend yield of 5.9%. The ex-dividend date was Thursday, August 8th. ING Groep’s dividend payout ratio is currently 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.
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