Mariner LLC Acquires 21,202 Shares of ING Groep (NYSE:ING)

Mariner LLC grew its stake in shares of ING Groep (NYSE:ING - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,466 shares of the financial services provider's stock after acquiring an additional 21,202 shares during the period. Mariner LLC's holdings in ING Groep were worth $3,126,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ING. State Street Corp boosted its stake in ING Groep by 1.3% in the 3rd quarter. State Street Corp now owns 358,479 shares of the financial services provider's stock worth $6,510,000 after purchasing an additional 4,542 shares during the period. Virtu Financial LLC grew its stake in ING Groep by 85.1% during the third quarter. Virtu Financial LLC now owns 35,468 shares of the financial services provider's stock valued at $644,000 after acquiring an additional 16,310 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in ING Groep during the 3rd quarter worth approximately $257,000. Logan Capital Management Inc. lifted its stake in ING Groep by 4.2% in the 3rd quarter. Logan Capital Management Inc. now owns 192,859 shares of the financial services provider's stock worth $3,502,000 after purchasing an additional 7,772 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in ING Groep by 1.7% in the 4th quarter. Confluence Investment Management LLC now owns 48,238 shares of the financial services provider's stock valued at $756,000 after purchasing an additional 790 shares during the period. 4.49% of the stock is owned by institutional investors.

ING Groep Trading Down 0.5 %

Shares of ING opened at $18.56 on Tuesday. 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 has a 1-year low of $15.09 and a 1-year high of $20.79. The company has a market capitalization of $64.93 billion, a P/E ratio of 8.67, a P/E/G ratio of 6.42 and a beta of 1.07. The firm's 50 day simple moving average is $18.68 and its 200 day simple moving average is $17.06.

ING Groep (NYSE:ING - Get Free Report) last posted 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 return on equity of 11.81% and a net margin of 28.30%. Sell-side analysts forecast that ING Groep will post 2.14 earnings per share 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 $0.6526 dividend. This represents a dividend yield of 5.1%. This is a positive change from ING Groep's previous semi-annual dividend of $0.17. The ex-dividend date is Friday, April 25th. ING Groep's payout ratio is presently 60.75%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.

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