Hexagon Capital Partners LLC Buys 706 Shares of ING Groep (NYSE:ING)

Hexagon Capital Partners LLC raised its stake in ING Groep (NYSE:ING) by 22.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,879 shares of the financial services provider’s stock after acquiring an additional 706 shares during the quarter. Hexagon Capital Partners LLC’s holdings in ING Groep were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ING. Virtu Financial LLC bought a new position in shares of ING Groep in the fourth quarter worth about $429,000. Goldman Sachs Group Inc. raised its holdings in ING Groep by 7.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,568,136 shares of the financial services provider’s stock valued at $128,693,000 after buying an additional 622,037 shares during the last quarter. Richardson Financial Services Inc. bought a new position in ING Groep in the 4th quarter valued at approximately $28,000. Fisher Asset Management LLC raised its holdings in ING Groep by 8.5% in the 4th quarter. Fisher Asset Management LLC now owns 63,677,437 shares of the financial services provider’s stock valued at $956,435,000 after buying an additional 4,995,615 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of ING Groep during the fourth quarter valued at $188,000. Institutional investors own 4.49% of the company’s stock.

Analyst Ratings Changes

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

ING Groep Stock Performance

Shares of ING stock opened at $17.23 on Friday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.95 and a quick ratio of 1.12. ING Groep has a one year low of $12.44 and a one year high of $18.72. The business’s 50 day simple moving average is $17.70 and its 200 day simple moving average is $17.40. The stock has a market capitalization of $60.26 billion, a PE ratio of 7.62 and a beta of 1.52.

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

ING Groep Increases Dividend

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

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.