Enterprise Financial Services Corp grew its position in shares of ING Groep NV (NYSE:ING) by 85.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,287 shares of the financial services provider’s stock after acquiring an additional 1,055 shares during the period. Enterprise Financial Services Corp’s holdings in ING Groep were worth $28,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in shares of ING Groep by 28.9% in the 3rd quarter. Renaissance Technologies LLC now owns 579,710 shares of the financial services provider’s stock valued at $7,519,000 after buying an additional 129,900 shares during the period. Verition Fund Management LLC purchased a new stake in shares of ING Groep in the 3rd quarter valued at approximately $185,000. Advisors Asset Management Inc. grew its stake in shares of ING Groep by 55.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 79,874 shares of the financial services provider’s stock valued at $1,036,000 after buying an additional 28,612 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of ING Groep in the 3rd quarter valued at approximately $116,000. Finally, Virtu Financial LLC grew its stake in shares of ING Groep by 69.4% in the 4th quarter. Virtu Financial LLC now owns 48,420 shares of the financial services provider’s stock valued at $516,000 after buying an additional 19,845 shares during the period. Hedge funds and other institutional investors own 3.46% of the company’s stock.
Several equities analysts have recently commented on ING shares. ValuEngine upgraded shares of ING Groep from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 16th. Royal Bank of Canada upgraded shares of ING Groep from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 21st. Finally, Zacks Investment Research lowered shares of ING Groep from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. ING Groep has an average rating of “Buy” and an average price target of $14.00.
Shares of ING stock traded up $0.14 during trading hours on Friday, hitting $11.00. The company had a trading volume of 1,509,529 shares, compared to its average volume of 3,095,791. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep NV has a fifty-two week low of $10.21 and a fifty-two week high of $15.36. The firm has a market cap of $42.26 billion, a P/E ratio of 6.71 and a beta of 1.23.
The business also recently disclosed a semiannual dividend, which was paid on Thursday, May 9th. Stockholders of record on Friday, April 26th were issued a $0.4974 dividend. The ex-dividend date was Thursday, April 25th. This represents a dividend yield of 8.31%. ING Groep’s dividend payout ratio is currently 48.78%.
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ING Groep Profile
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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