ING Groep (NYSE:ING) Shares Gap Up to $15.93

ING Groep (NYSE:ING) gapped up prior to trading on Thursday . The stock had previously closed at $15.93, but opened at $16.98. ING Groep shares last traded at $17.12, with a volume of 1,148,725 shares traded.

ING Groep Trading Up 0.7 %

The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $64.00 billion, a price-to-earnings ratio of 7.60 and a beta of 1.56. The business has a fifty day moving average price of $15.65 and a 200 day moving average price of $14.47.

ING Groep (NYSE:ING) last released 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 company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $6.15 billion. ING Groep had a net margin of 32.20% and a return on equity of 13.15%. On average, equities analysts expect that ING Groep will post 1.91 EPS for the current fiscal year.

ING Groep Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 25th will be paid a $0.697 dividend. This represents a dividend yield of 6.8%. The ex-dividend date of this dividend 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 (DPR) is presently 61.50%.

Institutional Trading of ING Groep

Several institutional investors have recently modified their holdings of ING. Financial Management Professionals Inc. boosted its position in shares of ING Groep by 67.8% during the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 662 shares in the last quarter. Richardson Financial Services Inc. bought a new position in shares of ING Groep during the 4th quarter worth approximately $28,000. Clear Street Markets LLC boosted its stake in ING Groep by 570.3% in the 3rd quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,711 shares in the last quarter. NBC Securities Inc. acquired a new stake in ING Groep in the 3rd quarter valued at $43,000. Finally, GAMMA Investing LLC bought a new stake in ING Groep in the fourth quarter valued at $54,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

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.