Stifel Financial Corp Has $10.77 Million Stake in ING Groep (NYSE:ING)

Stifel Financial Corp grew its position in ING Groep (NYSE:ING) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 687,476 shares of the financial services provider’s stock after purchasing an additional 994 shares during the quarter. Stifel Financial Corp’s holdings in ING Groep were worth $10,773,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ING. Huntington National Bank grew its holdings in ING Groep by 1.7% during the 4th quarter. Huntington National Bank now owns 35,030 shares of the financial services provider’s stock worth $549,000 after acquiring an additional 597 shares during the period. IFP Advisors Inc increased its holdings in ING Groep by 25.1% in the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 621 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of ING Groep by 20.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider’s stock worth $62,000 after buying an additional 665 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of ING Groep by 1.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider’s stock valued at $651,000 after acquiring an additional 716 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of ING Groep by 5.2% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 722 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Trading Up 0.5 %

NYSE ING opened at $18.65 on Friday. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79. The business has a 50 day moving average price of $18.65 and a 200-day moving average price of $17.06. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The company has a market cap of $65.22 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 6.42 and a beta of 1.07.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. As a group, equities 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 declared a semi-annual dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.6526 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a yield of 5.1%. This is an increase from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s payout ratio is 60.75%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ING Groep currently has a consensus rating of “Moderate Buy”.

ING Groep 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.