Cerity Partners LLC Increases Holdings in ING Groep (NYSE:ING)

Cerity Partners LLC lifted its position in shares of ING Groep (NYSE:ING) by 25.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,547 shares of the financial services provider’s stock after buying an additional 33,507 shares during the period. Cerity Partners LLC’s holdings in ING Groep were worth $2,471,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Contravisory Investment Management Inc. raised its holdings in shares of ING Groep by 5.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 12,992 shares of the financial services provider’s stock valued at $195,000 after buying an additional 725 shares in the last quarter. PDS Planning Inc grew its position in ING Groep by 6.9% during the 3rd quarter. PDS Planning Inc now owns 12,404 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 800 shares during the last quarter. Franklin Resources Inc. grew its position in ING Groep by 0.3% during the 1st quarter. Franklin Resources Inc. now owns 260,481 shares of the financial services provider’s stock worth $3,092,000 after acquiring an additional 836 shares during the last quarter. Beacon Pointe Advisors LLC grew its position in ING Groep by 6.5% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 14,494 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 890 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in ING Groep by 2.4% during the 3rd quarter. Ballentine Partners LLC now owns 38,102 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 892 shares during the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Price Performance

ING opened at $16.04 on Friday. The stock’s 50 day simple moving average is $15.09 and its 200 day simple moving average is $14.27. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12. ING Groep has a 1 year low of $11.78 and a 1 year high of $17.18. The firm has a market cap of $59.76 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 2.78 and a beta of 1.58.

ING Groep (NYSE:ING) last posted its quarterly earnings results on Thursday, February 1st. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). ING Groep had a return on equity of 13.36% and a net margin of 32.29%. The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $6.15 billion. As a group, analysts predict that ING Groep will post 1.91 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 25th will be given a dividend of $0.697 per share. This represents a yield of 6.8%. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date is Wednesday, April 24th. ING Groep’s dividend payout ratio (DPR) is presently 31.22%.

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.