&Partners Has $339,000 Stake in ING Groep (NYSE:ING)

&Partners raised its position in ING Groep (NYSE:ING) by 78.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 19,760 shares of the financial services provider’s stock after purchasing an additional 8,700 shares during the quarter. &Partners’ holdings in ING Groep were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ING. Fisher Asset Management LLC raised its position in ING Groep by 8.7% in the 4th quarter. Fisher Asset Management LLC now owns 63,776,162 shares of the financial services provider’s stock valued at $957,918,000 after purchasing an additional 5,094,340 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of ING Groep by 7.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,568,136 shares of the financial services provider’s stock valued at $128,693,000 after buying an additional 622,037 shares during the last quarter. Natixis Advisors L.P. lifted its position in ING Groep by 75.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,802,537 shares of the financial services provider’s stock worth $27,074,000 after buying an additional 774,781 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in ING Groep by 17.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,695,710 shares of the financial services provider’s stock worth $27,962,000 after acquiring an additional 257,440 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in ING Groep by 96.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,332,957 shares of the financial services provider’s stock valued at $20,021,000 after acquiring an additional 655,011 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ING Groep Stock Up 1.8 %

NYSE:ING opened at $17.85 on Monday. The stock’s fifty day moving average price is $17.55 and its two-hundred day moving average price is $16.55. The company has a market cap of $62.44 billion, a price-to-earnings ratio of 7.90 and a beta of 1.54. ING Groep has a 52-week low of $12.44 and a 52-week high of $18.66. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.12.

ING Groep (NYSE:ING) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $6.15 billion for the quarter. ING Groep had a return on equity of 12.71% and a net margin of 30.60%. During the same period last year, the company earned $0.65 EPS. On average, analysts anticipate that ING Groep will post 2.02 EPS for the current year.

ING Groep Increases Dividend

The firm also recently declared 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 is a boost from ING Groep’s previous semi-annual dividend of $0.70. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 5.9%. ING Groep’s payout ratio is currently 28.32%.

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.