Hsbc Holdings PLC Makes New Investment in ING Groep (NYSE:ING)

Hsbc Holdings PLC bought a new position in shares of ING Groep (NYSE:ING) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 356,565 shares of the financial services provider’s stock, valued at approximately $5,577,000.

Other large investors also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new stake in ING Groep during the 4th quarter worth approximately $25,000. Brooklyn Investment Group grew its position in ING Groep by 184.8% during the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,207 shares during the last quarter. Versant Capital Management Inc purchased a new stake in ING Groep during the 4th quarter worth approximately $45,000. IFP Advisors Inc grew its position in ING Groep by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 621 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of ING Groep in the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Up 1.1 %

ING stock opened at $19.39 on Tuesday. The firm’s fifty day simple moving average is $18.91 and its 200-day simple moving average is $17.13. The company has a market capitalization of $67.83 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79.

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

ING Groep Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $0.6526 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, April 25th. This is a positive change from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s payout ratio is currently 60.75%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.