ING Groep (NYSE:ING) Sets New 1-Year High at $18.04

ING Groep (NYSE:ING - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $18.04 and last traded at $18.03, with a volume of 1938688 shares traded. The stock had previously closed at $17.89.

ING Groep Price Performance

The stock has a market capitalization of $63.09 billion, a P/E ratio of 7.98 and a beta of 1.56. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.24. The company has a fifty day simple moving average of $16.89 and a two-hundred day simple moving average of $15.20.

ING Groep (NYSE:ING - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share for the quarter. The firm had revenue of $6.06 billion during the quarter. ING Groep had a return on equity of 13.15% and a net margin of 32.20%. Sell-side analysts expect that ING Groep will post 1.97 EPS for the current fiscal year.

ING Groep Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, May 10th. Stockholders of record on Thursday, April 25th were paid a $0.697 dividend. The ex-dividend date was Wednesday, April 24th. This is a boost from ING Groep's previous Semi-Annual dividend of $0.43. This represents a dividend yield of 6.8%. ING Groep's dividend payout ratio is 61.06%.

Institutional Trading of ING Groep

A number of institutional investors and hedge funds have recently modified their holdings of ING. Clear Street Markets LLC increased its stake in shares of ING Groep by 570.3% in the 3rd quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 1,711 shares during the last quarter. Financial Management Professionals Inc. increased its stake in ING Groep by 67.8% during the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider's stock worth $27,000 after purchasing an additional 662 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in ING Groep during the 4th quarter worth approximately $28,000. NBC Securities Inc. bought a new stake in ING Groep during the 3rd quarter worth approximately $43,000. Finally, GAMMA Investing LLC bought a new stake in ING Groep during the 4th quarter worth approximately $54,000. 4.49% of the stock is owned by institutional investors.

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.