14,558 Shares in ING Groep (NYSE:ING) Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new stake in shares of ING Groep (NYSE:ING - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,558 shares of the financial services provider's stock, valued at approximately $228,000.

A number of other large investors have also bought and sold shares of the company. Townsquare Capital LLC grew its stake in shares of ING Groep by 17.3% during the 4th quarter. Townsquare Capital LLC now owns 79,904 shares of the financial services provider's stock worth $1,252,000 after acquiring an additional 11,766 shares during the period. Rockefeller Capital Management L.P. boosted its position in ING Groep by 10.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 152,153 shares of the financial services provider's stock worth $2,385,000 after purchasing an additional 13,773 shares during the period. Sterling Capital Management LLC increased its stake in shares of ING Groep by 27.1% in the fourth quarter. Sterling Capital Management LLC now owns 33,367 shares of the financial services provider's stock worth $523,000 after purchasing an additional 7,108 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of ING Groep in the fourth quarter valued at approximately $14,375,000. Finally, Invesco Ltd. lifted its stake in shares of ING Groep by 40.8% during the 4th quarter. Invesco Ltd. now owns 39,915 shares of the financial services provider's stock valued at $625,000 after buying an additional 11,558 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Three research 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, the company has an average rating of "Moderate Buy".

ING Groep Price Performance

NYSE ING traded up $0.56 on Tuesday, hitting $19.12. The stock had a trading volume of 2,377,974 shares, compared to its average volume of 2,299,471. The firm has a 50-day moving average of $18.73 and a 200-day moving average of $17.08. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a 52-week low of $15.09 and a 52-week high of $20.79. The company has a market capitalization of $66.89 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07.

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 the consensus estimate 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 expect that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

The business 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 $0.6526 dividend. This represents a yield of 5.1%. The ex-dividend date is Friday, April 25th. This is a boost from ING Groep's previous semi-annual dividend of $0.17. ING Groep's payout ratio is currently 60.75%.

ING Groep Company 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.