Raymond James Financial Services Advisors Inc. Has $210,000 Stake in ING Groep (NYSE:ING)

Raymond James Financial Services Advisors Inc. trimmed its position in ING Groep (NYSE:ING) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,011 shares of the financial services provider’s stock after selling 791 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in ING Groep were worth $210,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Clear Street Markets LLC grew its position in ING Groep by 570.3% in the third quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,711 shares during the period. NBC Securities Inc. bought a new stake in ING Groep in the third quarter valued at $43,000. Paradigm Asset Management Co. LLC grew its position in ING Groep by 122.6% in the third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 3,800 shares during the period. Bruce G. Allen Investments LLC bought a new stake in ING Groep in the fourth quarter valued at $116,000. Finally, CWM LLC grew its position in ING Groep by 32.3% in the third quarter. CWM LLC now owns 9,529 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 2,328 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Price Performance

Shares of ING stock opened at $15.66 on Thursday. The stock’s fifty day moving average is $15.34 and its 200-day moving average is $14.36. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $58.36 billion, a PE ratio of 7.09 and a beta of 1.58. ING Groep has a 52 week low of $11.78 and a 52 week high of $17.18.

ING Groep (NYSE:ING) last announced its earnings results on Thursday, February 1st. The financial services provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $6.15 billion. ING Groep had a return on equity of 13.36% and a net margin of 32.29%. Equities research analysts expect that ING Groep will post 1.91 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be issued a dividend of $0.697 per share. This represents a dividend yield of 6.8%. The ex-dividend date is Wednesday, April 24th. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s dividend payout ratio is presently 31.22%.

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.