ING Groep (NYSE:ING) Shares Purchased by BKM Wealth Management LLC

BKM Wealth Management LLC boosted its stake in ING Groep (NYSE:ING) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,034 shares of the financial services provider’s stock after acquiring an additional 1,937 shares during the period. BKM Wealth Management LLC’s holdings in ING Groep were worth $549,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in ING Groep by 10.0% during the 3rd quarter. CWM LLC now owns 11,291 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 1,028 shares during the period. Creative Planning increased its position in ING Groep by 10.1% during the 3rd quarter. Creative Planning now owns 230,564 shares of the financial services provider’s stock worth $4,187,000 after purchasing an additional 21,159 shares during the period. Bleakley Financial Group LLC increased its position in ING Groep by 10.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,081 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 1,877 shares during the period. Net Worth Advisory Group acquired a new position in ING Groep during the 3rd quarter worth approximately $335,000. Finally, Blue Trust Inc. increased its position in ING Groep by 345.6% during the 3rd quarter. Blue Trust Inc. now owns 21,336 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 16,548 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Price Performance

Shares of NYSE:ING opened at $17.11 on Tuesday. The business’s 50 day simple moving average is $16.07 and its 200-day simple moving average is $16.71. The firm has a market capitalization of $59.84 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 6.14 and a beta of 1.46. 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 $13.24 and a 12 month high of $18.72.

ING Groep (NYSE:ING) last announced 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 return on equity of 11.81% and a net margin of 28.30%. As a group, equities analysts forecast that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Investors of record on Monday, January 13th were paid a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep’s payout ratio is currently 30.37%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th.

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.