Zions Bancorporation N.A. Grows Position in ING Groep (NYSE:ING)

Zions Bancorporation N.A. lifted its stake in shares of ING Groep (NYSE:ING - Free Report) by 63.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,579 shares of the financial services provider's stock after acquiring an additional 33,152 shares during the period. Zions Bancorporation N.A.'s holdings in ING Groep were worth $1,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in ING Groep in the fourth quarter worth approximately $14,375,000. Guardian Partners Inc. purchased a new position in shares of ING Groep during the 4th quarter worth $11,730,000. ABC Arbitrage SA purchased a new position in shares of ING Groep during the 4th quarter worth $10,129,000. Public Employees Retirement System of Ohio purchased a new stake in ING Groep in the 3rd quarter valued at about $9,924,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in ING Groep in the third quarter valued at about $2,428,000. Institutional investors and hedge funds own 4.49% of the company's stock.

ING Groep Trading Down 1.1 %

ING stock traded down $0.23 during midday trading on Friday, hitting $19.83. The stock had a trading volume of 1,771,267 shares, compared to its average volume of 2,281,610. The company's 50-day moving average price is $18.09 and its 200 day moving average price is $17.05. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $69.35 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. ING Groep has a 12-month low of $15.09 and a 12-month high of $20.79.

ING Groep (NYSE:ING - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, equities research analysts predict that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a $0.6526 dividend. The ex-dividend date of this dividend is Friday, April 25th. This is a boost from ING Groep's previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. ING Groep's dividend payout ratio (DPR) is currently 60.75%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ING Groep has an average rating of "Moderate Buy".

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.