ING Groep (NYSE:ING) Shares Purchased by BKM Wealth Management LLC

BKM Wealth Management LLC boosted its stake in ING Groep (NYSE:ING) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,034 shares of the financial services provider’s stock after purchasing an additional 1,937 shares during the period. BKM Wealth Management LLC’s holdings in ING Groep were worth $549,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ING. CWM LLC increased its holdings in ING Groep by 10.0% in the 3rd quarter. CWM LLC now owns 11,291 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 1,028 shares in the last quarter. Creative Planning increased its holdings in ING Groep by 10.1% in the 3rd quarter. Creative Planning now owns 230,564 shares of the financial services provider’s stock valued at $4,187,000 after purchasing an additional 21,159 shares in the last quarter. Bleakley Financial Group LLC boosted its position in ING Groep by 10.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 19,081 shares of the financial services provider’s stock valued at $347,000 after buying an additional 1,877 shares during the last quarter. Net Worth Advisory Group purchased a new position in ING Groep in the 3rd quarter valued at about $335,000. Finally, Blue Trust Inc. lifted its position in shares of ING Groep by 345.6% during the third quarter. Blue Trust Inc. now owns 21,336 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 16,548 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ING shares. Morgan Stanley lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 26th. Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd.

ING Groep Trading Up 1.7 %

Shares of NYSE:ING opened at $17.11 on Tuesday. The firm has a fifty day moving average of $16.07 and a two-hundred day moving average of $16.71. The firm has a market capitalization of $59.84 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 6.14 and a beta of 1.46. ING Groep has a 12-month low of $13.24 and a 12-month high of $18.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. On average, equities analysts expect that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were issued a dividend of $0.1667 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio is currently 30.37%.

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.