American Century Companies Inc. Purchases 35,382 Shares of ING Group, N.V. $ING

Key Points

• American Century Companies Inc. increased its stake in ING Group by 2.9%, acquiring an additional 35,382 shares, bringing its total holdings to 1,276,117 shares valued at approximately $24.99 million.
• Recent analyst ratings for ING Group show a mix, with one analyst issuing a Strong Buy rating, two a Buy rating, and three a Hold rating, resulting in an average rating of Moderate Buy.
• ING Group reported earnings of $0.64 per share, exceeding estimates, and recently declared a semi-annual dividend of $0.4002 per share, with a dividend yield of 450.0%.

American Century Companies Inc. grew its position in ING Group, N.V. (NYSE:ING - Free Report) by 2.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,276,117 shares of the financial services provider's stock after acquiring an additional 35,382 shares during the period. American Century Companies Inc.'s holdings in ING Group were worth $24,999,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Legacy Advisors LLC bought a new position in shares of ING Group in the 1st quarter valued at $28,000. SBI Securities Co. Ltd. lifted its stake in shares of 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 valued at $31,000 after acquiring an additional 912 shares during the last quarter. Redwood Investments LLC bought a new position in shares of ING Group in the 4th quarter valued at $41,000. Olde Wealth Management LLC bought a new position in shares of ING Group in the 1st quarter valued at $55,000. Finally, Hexagon Capital Partners LLC lifted its stake in shares of ING Group by 21.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,085 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 897 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Group Stock Performance

NYSE ING traded down $0.45 on Monday, hitting $24.46. 1,932,201 shares of the stock traded hands, compared to its average volume of 2,636,070. The firm has a market capitalization of $76.99 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 1.79 and a beta of 1.14. The business's fifty day moving average is $22.95 and its two-hundred day moving average is $20.66. ING Group, N.V. has a 12 month low of $15.09 and a 12 month high of $25.11. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.12 and a current ratio of 1.12.

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

ING Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 11th will be paid a dividend of $0.4002 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a yield of 450.0%. ING Group's dividend payout ratio (DPR) is currently 31.34%.

Analyst Ratings Changes

ING has been the topic of several recent research reports. Barclays raised ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 15th. Cfra Research raised ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

ING Group Company 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.