ING Groep (NYSE:ING) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in ING Groep (NYSE:ING - Free Report) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,153 shares of the financial services provider's stock after acquiring an additional 13,773 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in ING Groep were worth $2,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Huntington National Bank boosted its stake in shares of ING Groep by 1.7% in the 4th quarter. Huntington National Bank now owns 35,030 shares of the financial services provider's stock valued at $549,000 after purchasing an additional 597 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of ING Groep by 25.1% in the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 621 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of ING Groep by 20.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock valued at $62,000 after buying an additional 665 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of ING Groep by 1.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider's stock valued at $651,000 after purchasing an additional 716 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of ING Groep by 5.2% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 14,604 shares of the financial services provider's stock valued at $229,000 after acquiring an additional 722 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Trading Up 0.4 %

ING stock traded up $0.08 during midday trading on Thursday, reaching $19.69. 1,714,884 shares of the company traded hands, compared to its average volume of 2,301,527. ING Groep has a 52-week low of $15.09 and a 52-week high of $20.79. The firm has a market capitalization of $68.88 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 6.42 and a beta of 1.07. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50 day moving average of $18.78 and a 200-day moving average of $17.10.

ING Groep (NYSE:ING - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $0.39 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%. As a group, sell-side analysts expect that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The business 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. The ex-dividend date is Friday, April 25th. This is a positive change from ING Groep's previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. ING Groep's payout ratio is 60.75%.

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 report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, ING Groep presently has a consensus rating of "Moderate Buy".

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.