Charles Schwab Investment Management Inc. Acquires 22,355 Shares of ING Groep (NYSE:ING)

Charles Schwab Investment Management Inc. lifted its stake in ING Groep (NYSE:ING) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 234,529 shares of the financial services provider’s stock after purchasing an additional 22,355 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ING Groep were worth $3,675,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ING. Roxbury Financial LLC purchased a new position in shares of ING Groep during the fourth quarter worth approximately $25,000. Brooklyn Investment Group lifted its holdings in shares of ING Groep by 184.8% in the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,207 shares during the period. Versant Capital Management Inc bought a new position in shares of ING Groep during the 4th quarter worth $45,000. IFP Advisors Inc increased its stake in shares of ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after buying an additional 621 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in shares of ING Groep in the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Down 1.1 %

Shares of ING Groep stock opened at $20.06 on Thursday. ING Groep has a 1 year low of $15.09 and a 1 year high of $20.79. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $70.16 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 6.42 and a beta of 1.44. The firm’s 50-day moving average is $17.94 and its two-hundred day moving average is $17.02.

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

ING Groep Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a dividend of $0.6526 per share. This is a boost from ING Groep’s previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, April 25th. ING Groep’s dividend payout ratio is 29.91%.

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.