Keel Point LLC Invests $153,000 in ING Groep (NYSE:ING)

Keel Point LLC purchased a new position in ING Groep (NYSE:ING) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,198 shares of the financial services provider’s stock, valued at approximately $153,000.

A number of other institutional investors have also recently made changes to their positions in ING. Bank of America Corp DE boosted its stake in shares of ING Groep by 64.0% in the first quarter. Bank of America Corp DE now owns 6,579,854 shares of the financial services provider’s stock worth $78,103,000 after acquiring an additional 2,567,427 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of ING Groep by 4,412.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,823,310 shares of the financial services provider’s stock worth $19,017,000 after acquiring an additional 1,782,900 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of ING Groep by 27.1% in the second quarter. Goldman Sachs Group Inc. now owns 7,851,043 shares of the financial services provider’s stock worth $77,882,000 after acquiring an additional 1,673,262 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of ING Groep in the first quarter worth approximately $9,905,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of ING Groep by 934.1% in the third quarter. JPMorgan Chase & Co. now owns 914,504 shares of the financial services provider’s stock worth $12,053,000 after acquiring an additional 826,067 shares during the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Groep Stock Performance

NYSE ING opened at $15.87 on Thursday. The stock’s fifty day moving average is $15.03 and its two-hundred day moving average is $14.26. The firm has a market capitalization of $59.12 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 2.78 and a beta of 1.58. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.12. ING Groep has a fifty-two week low of $11.78 and a fifty-two week high of $17.18.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $6.15 billion. ING Groep had a return on equity of 13.36% and a net margin of 32.29%. On average, research analysts anticipate that ING Groep will post 1.91 earnings per share for the current year.

ING Groep Increases Dividend

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

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.