HL Financial Services LLC bought a new position in ING Group (NYSE:ING) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 46,103 shares of the financial services provider’s stock, valued at approximately $781,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of ING. We Are One Seven LLC acquired a new position in shares of ING Group in the fourth quarter valued at $101,000. Icon Wealth Partners LLC acquired a new position in shares of ING Group in the fourth quarter valued at $202,000. Portland Investment Counsel Inc. acquired a new position in shares of ING Group in the fourth quarter valued at $222,000. Renaissance Technologies LLC bought a new stake in ING Group in the fourth quarter valued at $222,000. Finally, 180 Wealth Advisors LLC bought a new stake in ING Group in the fourth quarter valued at $225,000. Hedge funds and other institutional investors own 3.31% of the company’s stock.
A number of brokerages have weighed in on ING. ValuEngine cut ING Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. Zacks Investment Research upgraded ING Group from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, February 9th. Finally, UBS restated a “buy” rating on shares of ING Group in a report on Tuesday, April 24th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ING Group has an average rating of “Buy” and an average price target of $18.00.
The firm also recently declared a semiannual dividend, which was paid on Friday, May 11th. Stockholders of record on Thursday, April 26th were given a dividend of $0.5344 per share. The ex-dividend date was Wednesday, April 25th. This represents a dividend yield of 5.77%. This is a positive change from ING Group’s previous semiannual dividend of $0.45. ING Group’s dividend payout ratio (DPR) is currently 45.14%.
ING Group Company Profile
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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