Brinker Capital Inc. Has $784,000 Stake in ING Groep NV (ING)

Brinker Capital Inc. grew its position in shares of ING Groep NV (NYSE:ING) by 62.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 64,543 shares of the financial services provider’s stock after acquiring an additional 24,793 shares during the period. Brinker Capital Inc.’s holdings in ING Groep were worth $784,000 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 ING Groep by 28.9% during the 3rd quarter. Renaissance Technologies LLC now owns 579,710 shares of the financial services provider’s stock valued at $7,519,000 after acquiring an additional 129,900 shares in the last quarter. Verition Fund Management LLC purchased a new stake in ING Groep during the 3rd quarter valued at about $185,000. Advisors Asset Management Inc. grew its stake in ING Groep by 55.8% during 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 acquiring an additional 28,612 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in ING Groep during the 3rd quarter valued at about $116,000. Finally, Virtu Financial LLC grew its stake in ING Groep by 69.4% during the 4th quarter. Virtu Financial LLC now owns 48,420 shares of the financial services provider’s stock valued at $516,000 after acquiring an additional 19,845 shares in the last quarter. Hedge funds and other institutional investors own 3.46% of the company’s stock.

Shares of ING Groep stock traded up $0.14 during mid-day trading on Friday, hitting $11.00. The stock had a trading volume of 1,509,529 shares, compared to its average volume of 3,095,791. ING Groep NV has a 12-month low of $10.21 and a 12-month high of $15.36. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $42.26 billion, a price-to-earnings ratio of 6.71 and a beta of 1.23.

The company also recently declared a semiannual dividend, which was paid on Thursday, May 9th. Stockholders of record on Friday, April 26th were paid a $0.4974 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a dividend yield of 8.31%. ING Groep’s dividend payout ratio (DPR) is 48.78%.

Several brokerages recently issued reports on ING. ValuEngine raised shares of ING Groep from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 16th. Zacks Investment Research raised shares of ING Groep from a “sell” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research note on Thursday, May 9th. Finally, Royal Bank of Canada raised shares of ING Groep from a “sector perform” rating to an “outperform” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $14.00.

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ING Groep Company 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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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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