Vanguard Personalized Indexing Management LLC Boosts Holdings in ING Groep (NYSE:ING)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of ING Groep (NYSE:ING) by 17.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,937 shares of the financial services provider’s stock after purchasing an additional 20,359 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in ING Groep were worth $2,355,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its stake in ING Groep by 8.5% during 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 period. Wells Fargo & Company MN raised its position 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 valued at $20,021,000 after buying an additional 655,011 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in ING Groep by 7.8% in 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 boosted its stake in ING Groep by 150.1% during the second quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider’s stock worth $10,267,000 after buying an additional 359,535 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of ING Groep in the second quarter valued at about $4,626,000. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Trading Up 0.2 %

Shares of ING stock opened at $18.66 on Friday. The stock has a market capitalization of $65.28 billion, a P/E ratio of 8.26 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 company has a 50 day moving average price of $17.81 and a 200 day moving average price of $17.14.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 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 prior year, the firm posted $0.65 earnings per share. Equities research analysts predict that ING Groep will post 2.02 EPS 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. Stockholders of record on Thursday, August 8th were given a dividend of $0.8143 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, August 8th. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. ING Groep’s dividend payout ratio (DPR) is 28.32%.

Analysts Set New Price Targets

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

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.