Guardian Capital Advisors LP Has $11.07 Million Stake in ING Groep (NYSE:ING)

Guardian Capital Advisors LP lessened its stake in ING Groep (NYSE:INGFree Report) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 761,118 shares of the financial services provider’s stock after selling 37,753 shares during the period. ING Groep comprises about 1.2% of Guardian Capital Advisors LP’s portfolio, making the stock its 27th biggest position. Guardian Capital Advisors LP’s holdings in ING Groep were worth $11,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Clear Street Markets LLC grew its stake in ING Groep by 570.3% in the third 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 during the period. NBC Securities Inc. bought a new stake in ING Groep during the 3rd quarter valued at $43,000. GAMMA Investing LLC acquired a new position in ING Groep during the fourth quarter worth $54,000. Global Retirement Partners LLC lifted its stake in shares of ING Groep by 128.5% in the fourth quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock valued at $69,000 after buying 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 third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock valued at $91,000 after buying an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Up 2.0 %

Shares of ING traded up $0.35 on Tuesday, reaching $17.79. The company’s stock had a trading volume of 2,082,974 shares, compared to its average volume of 3,078,040. The stock has a market capitalization of $62.23 billion, a PE ratio of 7.87 and a beta of 1.56. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.24. ING Groep has a twelve month low of $12.21 and a twelve month high of $17.82. The firm has a fifty day moving average of $16.14 and a 200-day moving average of $14.71.

ING Groep Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, May 10th. Shareholders of record on Thursday, April 25th were paid a $0.697 dividend. This is a positive change from ING Groep’s previous Semi-Annual dividend of $0.43. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a yield of 6.8%. ING Groep’s dividend payout ratio (DPR) is 61.06%.

ING Groep Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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