Acadian Asset Management LLC Invests $1.02 Million in ING Group, N.V. $ING

Key Points

• Acadian Asset Management LLC purchased 51,909 shares of ING Group, N.V. during the first quarter, valued at approximately $1,016,000.
• Several large investors have increased their stakes in ING Group, with Natixis Advisors LLC raising its holdings by 25.7% in the same quarter.
• ING Group reported $0.64 earnings per share in its last earnings announcement, exceeding expectations of $0.59.

Acadian Asset Management LLC purchased a new stake in ING Group, N.V. (NYSE:ING - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 51,909 shares of the financial services provider's stock, valued at approximately $1,016,000.

Other hedge funds have also recently bought and sold shares of the company. Legacy Advisors LLC acquired a new position in shares of ING Group during the first quarter worth about $28,000. SBI Securities Co. Ltd. grew its holdings in ING Group by 135.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider's stock worth $31,000 after buying an additional 912 shares in the last quarter. Olde Wealth Management LLC bought a new position in ING Group during the 1st quarter valued at $55,000. MAI Capital Management boosted its stake in ING Group by 23.1% during the 1st quarter. MAI Capital Management now owns 4,190 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 785 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in shares of ING Group by 21.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,085 shares of the financial services provider's stock worth $100,000 after acquiring an additional 897 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ING. Morgan Stanley upgraded ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, September 2nd. Barclays upgraded shares of ING Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

ING Group Trading Up 0.5%

Shares of ING stock traded up $0.13 during trading hours on Friday, hitting $25.45. 1,515,485 shares of the company's stock traded hands, compared to its average volume of 2,560,294. ING Group, N.V. has a 12 month low of $15.09 and a 12 month high of $25.81. The stock's 50 day simple moving average is $24.09 and its 200 day simple moving average is $21.65. The stock has a market cap of $80.10 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.83.

ING Group (NYSE:ING - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.40 billion. ING Group had a net margin of 27.28% and a return on equity of 11.62%. On average, sell-side analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 11th were given a dividend of $0.4002 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a yield of 450.0%. ING Group's dividend payout ratio is presently 31.80%.

About ING Group

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.