Fisher Asset Management LLC Has $957.92 Million Stake in ING Groep (NYSE:ING)

Fisher Asset Management LLC increased its position in ING Groep (NYSE:ING) by 8.7% in the fourth quarter, HoldingsChannel reports. The firm owned 63,776,162 shares of the financial services provider’s stock after acquiring an additional 5,094,340 shares during the period. Fisher Asset Management LLC’s holdings in ING Groep were worth $957,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC grew its holdings in shares of ING Groep by 570.3% during the 3rd 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 in the last quarter. NBC Securities Inc. purchased a new position in shares of ING Groep during the 3rd quarter valued at $43,000. GAMMA Investing LLC purchased a new position in shares of ING Groep during the 4th quarter valued at $54,000. Global Retirement Partners LLC grew its holdings in shares of ING Groep by 128.5% during the 4th quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 2,808 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC grew its holdings in shares of ING Groep by 122.6% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Up 6.5 %

Shares of ING Groep stock traded up $1.03 on Thursday, hitting $16.96. 3,556,177 shares of the company traded hands, compared to its average volume of 3,082,100. The company has a 50-day moving average price of $15.58 and a 200 day moving average price of $14.45. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24. ING Groep has a 12-month low of $11.78 and a 12-month high of $17.18. The company has a market cap of $63.20 billion, a PE ratio of 7.69 and a beta of 1.56.

ING Groep (NYSE:ING) last posted its quarterly 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). ING Groep had a net margin of 32.29% and a return on equity of 13.36%. The company had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $6.15 billion. Sell-side analysts predict that ING Groep will post 1.91 earnings per share for the current year.

ING Groep Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 25th will be issued a $0.697 dividend. The ex-dividend date is Wednesday, April 24th. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. This represents a yield of 6.8%. ING Groep’s dividend payout ratio is currently 62.90%.

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.