ING Groep (NYSE:ING) Posts Earnings Results

ING Groep (NYSE:ING) announced its quarterly earnings data on Thursday. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, Zacks reports. ING Groep had a net margin of 30.60% and a return on equity of 12.71%. The company had revenue of $6.15 billion during the quarter. During the same quarter in the prior year, the company posted $0.65 EPS.

ING Groep Price Performance

Shares of ING traded down $0.13 during trading hours on Friday, hitting $17.09. The stock had a trading volume of 3,014,023 shares, compared to its average volume of 1,682,998. The company’s fifty day moving average is $17.67 and its two-hundred day moving average is $16.18. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 1.12. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.66. The stock has a market capitalization of $59.78 billion, a price-to-earnings ratio of 7.56 and a beta of 1.54.

ING Groep Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, August 19th. Stockholders of record on Thursday, August 8th will be issued a $0.8143 dividend. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 5.9%. ING Groep’s dividend payout ratio is presently 61.06%.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of ING Groep from an “equal weight” rating to an “overweight” rating in a research note on Friday, June 7th.

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.