Kohmann Bosshard Financial Services LLC Purchases Shares of 10,310 ING Groep (NYSE:ING)

Kohmann Bosshard Financial Services LLC acquired a new position in ING Groep (NYSE:ING) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,310 shares of the financial services provider’s stock, valued at approximately $187,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aaron Wealth Advisors LLC boosted its position in shares of ING Groep by 6.9% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 74,157 shares of the financial services provider’s stock worth $1,347,000 after purchasing an additional 4,790 shares in the last quarter. Claro Advisors LLC grew its stake in shares of ING Groep by 290.1% during the third quarter. Claro Advisors LLC now owns 54,271 shares of the financial services provider’s stock worth $986,000 after acquiring an additional 40,360 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of ING Groep by 10.9% during the third quarter. Bleakley Financial Group LLC now owns 19,081 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 1,877 shares in the last quarter. Benson Investment Management Company Inc. purchased a new position in shares of ING Groep in the 3rd quarter valued at approximately $5,204,000. Finally, Creative Planning boosted its stake in ING Groep by 10.1% in 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 in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Trading Up 0.7 %

ING Groep stock opened at $17.39 on Friday. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.72. The stock has a 50-day moving average price of $17.77 and a 200 day moving average price of $17.44. The company has a quick ratio of 1.12, a current ratio of 0.95 and a debt-to-equity ratio of 2.54. The company has a market capitalization of $60.82 billion, a price-to-earnings ratio of 7.69 and a beta of 1.52.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 earnings per share for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. The firm had revenue of $6.15 billion for the quarter. During the same quarter in the previous year, the company earned $0.65 EPS. Sell-side analysts anticipate that ING Groep will post 2.04 EPS for the current year.

ING Groep Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, August 8th were given a $0.8143 dividend. This represents a yield of 5.9%. The ex-dividend date was Thursday, August 8th. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. ING Groep’s dividend payout ratio is currently 28.32%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

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.