Dynamic Advisor Solutions LLC Buys New Position in ING Groep (NYSE:ING)

Dynamic Advisor Solutions LLC purchased a new stake in ING Groep (NYSE:ING) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 205,390 shares of the financial services provider’s stock, valued at approximately $3,730,000.

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

ING Groep Stock Performance

Shares of ING Groep stock opened at $17.64 on Wednesday. The business’s fifty day simple moving average is $17.73 and its 200 day simple moving average is $17.39. 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 12 month low of $12.44 and a 12 month high of $18.72. The firm has a market capitalization of $61.71 billion, a P/E ratio of 7.81 and a beta of 1.52.

ING Groep (NYSE:ING) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.58 EPS 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 previous year, the firm earned $0.65 earnings per share. As a group, analysts anticipate that ING Groep will post 2.04 EPS for the current year.

ING Groep Increases Dividend

The business also recently announced 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. This is an increase from ING Groep’s previous semi-annual dividend of $0.70. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, August 8th. ING Groep’s dividend payout ratio is currently 28.32%.

ING Groep 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.