ING Groep (NYSE:ING) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its stake in ING Groep (NYSE:ING) by 6.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,366 shares of the financial services provider’s stock after acquiring an additional 1,285 shares during the quarter. Bleakley Financial Group LLC’s holdings in ING Groep were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ING. Fisher Asset Management LLC boosted its position in shares of ING Groep by 0.6% in the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock worth $1,243,072,000 after buying an additional 429,562 shares during the period. Natixis Advisors LLC boosted its position in shares of ING Groep by 71.3% in the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after buying an additional 1,376,713 shares during the period. HighTower Advisors LLC boosted its position in shares of ING Groep by 1.7% in the third quarter. HighTower Advisors LLC now owns 948,188 shares of the financial services provider’s stock worth $17,180,000 after buying an additional 15,964 shares during the period. Raymond James & Associates boosted its position in shares of ING Groep by 49.7% in the third quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock worth $14,431,000 after buying an additional 263,904 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of ING Groep in the third quarter worth $9,924,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Price Performance

ING opened at $16.62 on Wednesday. The stock has a market cap of $58.12 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 6.14 and a beta of 1.46. ING Groep has a 1 year low of $12.94 and a 1 year high of $18.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock has a fifty day moving average price of $15.98 and a 200 day moving average price of $16.75.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Analysts forecast that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were issued a dividend of $0.1667 per share. The ex-dividend date was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s dividend payout ratio (DPR) is currently 29.91%.

Analysts Set New Price Targets

ING has been the subject of several recent analyst reports. Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Citigroup raised ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

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.