Cwm LLC Raises Stock Holdings in ING Groep (NYSE:ING)

Cwm LLC increased its stake in shares of ING Groep (NYSE:ING) by 10.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,291 shares of the financial services provider’s stock after purchasing an additional 1,028 shares during the quarter. Cwm LLC’s holdings in ING Groep were worth $205,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sei Investments Co. raised its stake in 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 buying an additional 80,398 shares during the last quarter. Capital Research Global Investors raised its stake in ING Groep by 51.2% in the first quarter. Capital Research Global Investors now owns 203,780 shares of the financial services provider’s stock valued at $3,360,000 after buying an additional 68,966 shares during the last quarter. Virtu Financial LLC raised its stake in ING Groep by 172.6% in the first quarter. Virtu Financial LLC now owns 77,870 shares of the financial services provider’s stock valued at $1,284,000 after buying an additional 49,307 shares during the last quarter. Creative Planning raised its stake in ING Groep by 18.4% in the second quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock valued at $3,589,000 after buying an additional 32,534 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in ING Groep by 126.1% in the first quarter. Quantbot Technologies LP now owns 99,246 shares of the financial services provider’s stock valued at $1,637,000 after buying an additional 55,343 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Stock Down 1.7 %

Shares of ING stock opened at $16.90 on Wednesday. The stock’s 50-day simple moving average is $17.79 and its 200-day simple moving average is $17.46. 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 firm has a market capitalization of $59.12 billion, a PE ratio of 7.48 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.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 earnings per share for the quarter. The business 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 period in the prior year, the company posted $0.65 earnings per share. Equities analysts expect that ING Groep will post 2.04 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, August 19th. Investors of record on Thursday, August 8th were given a dividend of $0.8143 per share. This is a boost from ING Groep’s previous semi-annual dividend of $0.70. This represents a yield of 5.9%. The ex-dividend date of this dividend was Thursday, August 8th. ING Groep’s dividend payout ratio (DPR) is currently 28.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ING shares. Citigroup upgraded ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

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.