Boston Partners Buys 41,457 Shares of ING Groep (NYSE:ING)

Boston Partners increased its holdings in shares of ING Groep (NYSE:ING - Free Report) by 33.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 166,401 shares of the financial services provider's stock after purchasing an additional 41,457 shares during the quarter. Boston Partners' holdings in ING Groep were worth $2,614,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in ING. Raymond James Financial Inc. bought a new position in shares of ING Groep in the 4th quarter valued at about $14,375,000. ABC Arbitrage SA bought a new stake in ING Groep in the 4th quarter valued at $10,129,000. Public Employees Retirement System of Ohio bought a new position in ING Groep during the third quarter worth about $9,924,000. Fisher Asset Management LLC boosted its stake in shares of ING Groep by 0.6% in the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider's stock valued at $1,243,072,000 after buying an additional 429,562 shares during the period. Finally, Meridian Wealth Management LLC bought a new stake in shares of ING Groep during the 3rd quarter valued at $2,762,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Stock Down 1.1 %

ING Groep stock traded down $0.23 during midday trading on Wednesday, reaching $20.06. The stock had a trading volume of 2,618,425 shares, compared to its average volume of 3,047,472. The company has a fifty day moving average price of $17.87 and a two-hundred day moving average price of $17.00. The company has a market capitalization of $70.16 billion, a P/E ratio of 9.37, a PEG ratio of 6.42 and a beta of 1.44. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79.

ING Groep (NYSE:ING - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates 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 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued 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 (DPR) is currently 29.91%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered shares of ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, November 26th.

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.