ING Groep (NYSE:ING) Shares Acquired by Claro Advisors LLC

Claro Advisors LLC lifted its position in shares of ING Groep (NYSE:ING - Free Report) by 290.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,271 shares of the financial services provider's stock after acquiring an additional 40,360 shares during the quarter. Claro Advisors LLC's holdings in ING Groep were worth $986,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Sei Investments Co. boosted its position in ING Groep by 14.0% during the first quarter. Sei Investments Co. now owns 655,159 shares of the financial services provider's stock worth $10,804,000 after purchasing an additional 80,398 shares in the last quarter. Capital Research Global Investors lifted its position in shares of ING Groep by 51.2% during the 1st quarter. Capital Research Global Investors now owns 203,780 shares of the financial services provider's stock valued at $3,360,000 after buying an additional 68,966 shares in the last quarter. Virtu Financial LLC grew its stake in ING Groep by 172.6% in the 1st quarter. Virtu Financial LLC now owns 77,870 shares of the financial services provider's stock valued at $1,284,000 after acquiring an additional 49,307 shares during the period. Creative Planning grew its stake in ING Groep by 18.4% in the 2nd quarter. Creative Planning now owns 209,405 shares of the financial services provider's stock valued at $3,589,000 after acquiring an additional 32,534 shares during the period. Finally, Quantbot Technologies LP increased its holdings in ING Groep by 126.1% in the 1st quarter. Quantbot Technologies LP now owns 99,246 shares of the financial services provider's stock worth $1,637,000 after acquiring an additional 55,343 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Price Performance

Shares of ING traded up $0.11 during trading hours on Friday, hitting $17.38. 891,339 shares of the stock were exchanged, compared to its average volume of 2,340,220. The stock's 50-day moving average price is $17.77 and its two-hundred day moving average price is $17.45. ING Groep has a 12-month low of $12.44 and a 12-month high of $18.72. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.12 and a current ratio of 0.95. The company has a market cap of $60.80 billion, a price-to-earnings ratio of 7.69 and a beta of 1.52.

ING Groep (NYSE:ING - Get Free Report) last released its 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 during the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. During the same period in the previous year, the company earned $0.65 EPS. Research analysts expect that ING Groep will post 2.04 earnings per share for the current year.

ING Groep Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, August 8th were paid a $0.8143 dividend. This represents a yield of 5.9%. This is a positive change from ING Groep's previous semi-annual dividend of $0.70. The ex-dividend date of this dividend was Thursday, August 8th. ING Groep's dividend payout ratio (DPR) is 28.32%.

Analyst Ratings Changes

ING has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of ING Groep from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Citigroup upgraded ING Groep to a "strong-buy" rating in a report on Thursday.

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.