ING Groep (NYSE:ING) Sets New 52-Week High at $16.52

ING Groep (NYSE:INGGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $16.52 and last traded at $16.45, with a volume of 181462 shares. The stock had previously closed at $16.49.

ING Groep Stock Performance

The stock’s 50 day moving average price is $14.37 and its 200 day moving average price is $14.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $61.49 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 2.89 and a beta of 1.58.

ING Groep (NYSE:INGGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ING Groep had a return on equity of 13.36% and a net margin of 32.29%. The business had revenue of $5.82 billion for the quarter, compared to analyst estimates of $6.15 billion. Analysts expect that ING Groep will post 1.94 earnings per share for the current year.

ING Groep Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.697 per share. This represents a dividend yield of 6.8%. This is an increase from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date of this dividend is Wednesday, April 24th. ING Groep’s dividend payout ratio is currently 29.41%.

Institutional Investors Weigh In On ING Groep

Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of ING Groep in the 3rd quarter valued at about $800,000. Tudor Investment Corp Et Al raised its holdings in shares of ING Groep by 2,784.1% in the 3rd quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock valued at $4,349,000 after purchasing an additional 318,499 shares during the period. QRG Capital Management Inc. bought a new stake in shares of ING Groep in the 3rd quarter valued at about $3,006,000. Qube Research & Technologies Ltd raised its holdings in shares of ING Groep by 101.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 384,667 shares of the financial services provider’s stock valued at $5,070,000 after purchasing an additional 193,489 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of ING Groep by 24.8% in the 3rd quarter. LPL Financial LLC now owns 274,444 shares of the financial services provider’s stock valued at $3,617,000 after purchasing an additional 54,552 shares during the period. 4.49% of the stock is owned by institutional investors.

About ING Groep

(Get Free Report)

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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