ING Groep (NYSE:ING) Shares Gap Up to $15.93

ING Groep (NYSE:ING)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $15.93, but opened at $16.98. ING Groep shares last traded at $17.12, with a volume of 1,148,725 shares trading hands.

ING Groep Stock Performance

The company has a market cap of $64.00 billion, a P/E ratio of 7.60 and a beta of 1.56. The stock has a 50 day moving average price of $15.65 and a two-hundred day moving average price of $14.47. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24.

ING Groep (NYSE:ING) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $6.15 billion. ING Groep had a return on equity of 13.15% and a net margin of 32.20%. On average, research analysts predict that ING Groep will post 1.91 earnings per share for the current fiscal year.

ING Groep Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 25th will be paid a $0.697 dividend. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date is Wednesday, April 24th. This represents a yield of 6.8%. ING Groep’s payout ratio is 61.50%.

Institutional Trading of ING Groep

Institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its position in shares of ING Groep by 19.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 21,696 shares of the financial services provider’s stock valued at $286,000 after buying an additional 3,483 shares in the last quarter. Bailard Inc. bought a new stake in shares of ING Groep during the 3rd quarter valued at $278,000. Lindbrook Capital LLC lifted its position in shares of ING Groep by 7.5% during the 3rd quarter. Lindbrook Capital LLC now owns 20,735 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 1,450 shares during the period. Advisor Partners II LLC grew its holdings in shares of ING Groep by 10.5% during the 3rd quarter. Advisor Partners II LLC now owns 152,514 shares of the financial services provider’s stock worth $2,010,000 after purchasing an additional 14,455 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC increased its position in shares of ING Groep by 122.6% in the third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 3,800 shares during the period. Institutional investors own 4.49% of the company’s stock.

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.