First Affirmative Financial Network Invests $216,000 in ING Groep (NYSE:ING)

First Affirmative Financial Network bought a new stake in shares of ING Groep (NYSE:ING) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 11,886 shares of the financial services provider’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its position in shares of ING Groep by 67.8% during the first 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 in the last quarter. Summit Securities Group LLC purchased a new stake in shares of ING Groep in the second quarter worth about $31,000. Rothschild Investment LLC bought a new position in ING Groep during the second quarter valued at approximately $31,000. Richardson Financial Services Inc. purchased a new position in ING Groep during the 4th quarter valued at approximately $28,000. Finally, Mather Group LLC. raised its holdings in shares of ING Groep by 57.3% during the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 782 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday.

ING Groep Stock Up 1.0 %

Shares of NYSE:ING opened at $17.41 on Friday. The company has a market cap of $60.90 billion, a price-to-earnings ratio of 7.95 and a beta of 1.52. ING Groep has a 12 month low of $12.44 and a 12 month high of $18.72. The company has a current ratio of 0.95, a quick ratio of 1.12 and a debt-to-equity ratio of 2.54. The company has a 50-day moving average price of $17.70 and a 200 day moving average price of $17.42.

ING Groep (NYSE:ING) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.58 EPS for the quarter. ING Groep had a return on equity of 12.65% and a net margin of 30.60%. The firm had revenue of $6.15 billion during the quarter. During the same quarter last year, the firm posted $0.65 EPS. As a group, equities research analysts predict that ING Groep will post 2.04 earnings per share for the current year.

ING Groep Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, August 8th were given a dividend of $0.8143 per share. This is a boost from ING Groep’s previous semi-annual dividend of $0.70. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 5.9%. ING Groep’s payout ratio is 29.68%.

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.