HL Financial Services LLC Invests $781,000 in ING Group (NYSE:ING)

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.

Shares of ING Group traded down $0.14, reaching $15.74, during mid-day trading on Wednesday, according to Marketbeat.com. 33,766 shares of the company’s stock were exchanged, compared to its average volume of 3,067,274. The firm has a market cap of $62.44 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.53 and a beta of 1.34. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.09 and a quick ratio of 1.09. ING Group has a twelve month low of $15.61 and a twelve month high of $15.76.

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.

Institutional Ownership by Quarter for ING Group (NYSE:ING)

Receive News & Ratings for ING Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply