Hennion & Walsh Asset Management Inc. Has $1.59 Million Position in ING Groep (NYSE:ING)

Hennion & Walsh Asset Management Inc. increased its position in ING Groep (NYSE:ING) by 31.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,805 shares of the financial services provider’s stock after buying an additional 21,961 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in ING Groep were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. increased its position in ING Groep by 67.8% during the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 662 shares during the period. Richardson Financial Services Inc. acquired a new stake in ING Groep during the 4th quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in ING Groep during the 2nd quarter valued at approximately $38,000. GAMMA Investing LLC acquired a new stake in ING Groep during the 4th quarter valued at approximately $54,000. Finally, Hexagon Capital Partners LLC increased its position in ING Groep by 194.6% during the 2nd quarter. Hexagon Capital Partners LLC now owns 3,173 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 2,096 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Trading Up 1.5 %

Shares of ING Groep stock traded up $0.26 on Monday, reaching $17.61. 1,048,130 shares of the company’s stock were exchanged, compared to its average volume of 2,543,790. The company has a market capitalization of $61.60 billion, a P/E ratio of 7.68 and a beta of 1.54. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.66. The firm’s 50-day moving average is $17.49 and its two-hundred day moving average is $16.39. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.12.

ING Groep (NYSE:ING) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $6.15 billion for the quarter. ING Groep had a return on equity of 12.71% and a net margin of 30.60%. During the same quarter in the previous year, the company posted $0.65 earnings per share. Sell-side analysts predict that ING Groep will post 2.02 EPS for the current fiscal year.

ING Groep Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, August 19th. Investors of record on Thursday, August 8th will be issued a $0.8143 dividend. This is a boost from ING Groep’s previous semi-annual dividend of $0.70. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, August 8th. ING Groep’s dividend payout ratio (DPR) is currently 28.32%.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of ING Groep from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 7th.

ING Groep 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.