Huntington National Bank Has $549,000 Position in ING Groep (NYSE:ING)

Huntington National Bank raised its holdings in shares of ING Groep (NYSE:ING) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,030 shares of the financial services provider’s stock after purchasing an additional 597 shares during the quarter. Huntington National Bank’s holdings in ING Groep were worth $549,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ING. Raymond James Financial Inc. bought a new stake in shares of ING Groep during the fourth quarter worth about $14,375,000. Guardian Partners Inc. acquired a new position in ING Groep during the 4th quarter valued at about $11,730,000. ABC Arbitrage SA bought a new stake in ING Groep during the 4th quarter worth approximately $10,129,000. Public Employees Retirement System of Ohio bought a new position in shares of ING Groep in the third quarter valued at approximately $9,924,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of ING Groep by 147.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 331,182 shares of the financial services provider’s stock valued at $5,190,000 after buying an additional 197,509 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

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

ING Groep Trading Down 8.7 %

NYSE:ING opened at $17.35 on Friday. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79. The firm has a 50-day moving average price of $18.34 and a two-hundred day moving average price of $17.09. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $60.70 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 6.42 and a beta of 1.07.

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

ING Groep Increases Dividend

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

About ING Groep

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.