Rhumbline Advisers Acquires 830 Shares of ING Groep (NYSE:ING)

Rhumbline Advisers increased its holdings in shares of ING Groep (NYSE:ING) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,574 shares of the financial services provider’s stock after acquiring an additional 830 shares during the period. Rhumbline Advisers’ holdings in ING Groep were worth $1,484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Management Professionals Inc. increased its holdings in shares of ING Groep by 67.8% during the first quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 662 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in ING Groep during the 4th quarter valued at about $28,000. Summit Securities Group LLC purchased a new position in ING Groep in the second quarter worth about $31,000. Rothschild Investment LLC bought a new position in shares of ING Groep in the second quarter worth approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of ING Groep during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Analyst Ratings Changes

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

ING Groep Trading Up 0.2 %

Shares of NYSE:ING opened at $18.66 on Friday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.95 and a quick ratio of 1.12. ING Groep has a 1 year low of $12.44 and a 1 year high of $18.72. The company has a market cap of $65.28 billion, a P/E ratio of 8.26 and a beta of 1.52. The stock’s fifty day moving average price is $17.81 and its 200-day moving average price is $17.16.

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 net margin of 30.60% and a return on equity of 12.65%. The business had revenue of $6.15 billion for the quarter. During the same quarter in the prior year, the company posted $0.65 EPS. Sell-side analysts expect that ING Groep will post 2.02 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, August 8th were given a $0.8143 dividend. This represents a yield of 5.9%. The ex-dividend date was Thursday, August 8th. This is an increase from ING Groep’s previous semi-annual dividend of $0.70. ING Groep’s payout ratio is 28.32%.

About ING Groep

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.