Grantham Mayo Van Otterloo & Co. LLC Acquires Shares of 35,331 ING Groep (NYSE:ING)

Grantham Mayo Van Otterloo & Co. LLC acquired a new position in ING Groep (NYSE:ING - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,331 shares of the financial services provider's stock, valued at approximately $554,000.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of ING Groep by 18.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 212,174 shares of the financial services provider's stock worth $3,853,000 after buying an additional 32,701 shares during the last quarter. Centiva Capital LP raised its stake in ING Groep by 78.9% during the 3rd quarter. Centiva Capital LP now owns 20,245 shares of the financial services provider's stock valued at $368,000 after purchasing an additional 8,927 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in ING Groep by 4.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 20,029 shares of the financial services provider's stock valued at $364,000 after purchasing an additional 875 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in ING Groep by 62.5% in the 3rd quarter. IHT Wealth Management LLC now owns 18,621 shares of the financial services provider's stock valued at $335,000 after purchasing an additional 7,159 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in ING Groep in the 3rd quarter worth $431,000. 4.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

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ING Groep Stock Performance

Shares of ING traded up $0.82 on Friday, reaching $18.24. 3,787,006 shares of the stock traded hands, compared to its average volume of 2,354,403. The firm has a market cap of $63.79 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 6.42 and a beta of 1.07. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79. The stock's 50-day moving average price is $18.44 and its 200-day moving average price is $17.04. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13.

ING Groep (NYSE:ING - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Equities analysts forecast that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm 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. This is a boost from ING Groep's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, April 25th. This represents a yield of 5.1%. ING Groep's dividend payout ratio (DPR) is currently 60.75%.

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.