Teachers Retirement System of The State of Kentucky Has $27.81 Million Position in ING Groep (NYSE:ING)

Teachers Retirement System of The State of Kentucky raised its stake in ING Groep (NYSE:ING - Free Report) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,774,430 shares of the financial services provider's stock after acquiring an additional 121,620 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.05% of ING Groep worth $27,806,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ING. Roxbury Financial LLC acquired a new position in ING Groep in the fourth quarter valued at about $25,000. Brooklyn Investment Group lifted its holdings in shares of ING Groep by 184.8% during the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,207 shares during the period. Versant Capital Management Inc bought a new position in ING Groep in the fourth quarter valued at approximately $45,000. IFP Advisors Inc raised its position in ING Groep by 25.1% during the fourth 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 in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in ING Groep during the fourth quarter worth $55,000. 4.49% of the stock is currently owned by institutional investors.

ING Groep Price Performance

Shares of NYSE:ING opened at $18.65 on Monday. The firm has a 50 day simple moving average of $18.65 and a 200 day simple moving average of $17.06. The company has a market cap of $65.22 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 6.42 and a beta of 1.07. ING Groep has a one year low of $15.09 and a one year high of $20.79. 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 (NYSE:ING - Get Free Report) last announced its quarterly 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 net margin of 28.30% and a return on equity of 11.81%. Research analysts predict that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a $0.6526 dividend. The ex-dividend date is Friday, April 25th. This represents a dividend yield of 5.1%. This is an increase from ING Groep's previous semi-annual dividend of $0.17. ING Groep's dividend payout ratio is currently 60.75%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ING Groep 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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