ING Groep (NYSE:ING) Sets New 1-Year High at $17.21

ING Groep (NYSE:ING) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $17.21 and last traded at $17.06, with a volume of 917189 shares trading hands. The stock had previously closed at $17.05.

ING Groep Price Performance

The firm’s 50 day moving average price is $15.72 and its two-hundred day moving average price is $14.49. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $64.02 billion, a PE ratio of 7.60 and a beta of 1.56.

ING Groep (NYSE:ING) last posted its quarterly earnings results 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). The company had revenue of $5.82 billion during 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 expect that ING Groep will post 1.91 earnings per share for the current year.

ING Groep Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ING. Clear Street Markets LLC increased its position in shares of ING Groep by 570.3% in the third quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,711 shares during the last quarter. Financial Management Professionals Inc. grew its stake in ING Groep by 67.8% in the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock worth $27,000 after buying an additional 662 shares in the last quarter. Richardson Financial Services Inc. bought a new position in shares of ING Groep in the 4th quarter worth $28,000. NBC Securities Inc. purchased a new stake in shares of ING Groep during the 3rd quarter valued at $43,000. Finally, GAMMA Investing LLC bought a new stake in shares of ING Groep during the 4th quarter worth $54,000. Institutional investors own 4.49% of the company’s stock.

About ING Groep

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.