Aristotle Capital Management LLC Has $138.66 Million Stock Position in ING Group, N.V. $ING

Key Points

• Aristotle Capital cut its stake in ING Group by 18.7% in Q3, selling 1,220,712 shares and now holding 5,316,571 shares valued at about $138.66 million (≈0.17% ownership).
• Analyst sentiment is broadly positive with a consensus "Buy" rating — upgrades from Deutsche Bank, Zacks and Citigroup (2 Strong Buy, 6 Buy, 1 Hold) — though one firm recently downgraded to Hold.
• ING beat quarterly EPS estimates ($0.56 vs. $0.50) but missed revenue expectations ($4.61B vs. $6.67B), and announced a $0.8796 dividend payable May 1 with record/ex-dividend date on April 17.

Aristotle Capital Management LLC lowered its stake in shares of ING Group, N.V. (NYSE:ING - Free Report) by 18.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,316,571 shares of the financial services provider's stock after selling 1,220,712 shares during the quarter. Aristotle Capital Management LLC owned approximately 0.17% of ING Group worth $138,657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Abound Wealth Management lifted its position in shares of ING Group by 2,757.6% during the third quarter. Abound Wealth Management now owns 943 shares of the financial services provider's stock worth $25,000 after purchasing an additional 910 shares in the last quarter. Binnacle Investments Inc increased its holdings in shares of ING Group by 57.0% in the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 395 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in shares of ING Group by 2,440.8% in the third quarter. Salomon & Ludwin LLC now owns 1,245 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 1,196 shares in the last quarter. Rexford Capital Inc. bought a new position in ING Group in the 2nd quarter worth approximately $33,000. Finally, Root Financial Partners LLC bought a new position in ING Group in the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 4.49% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on ING shares. Deutsche Bank Aktiengesellschaft upgraded ING Group from a "hold" rating to a "buy" rating in a research report on Monday, February 2nd. Weiss Ratings restated a "buy (b)" rating on shares of ING Group in a research report on Monday, December 29th. Zacks Research raised ING Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 2nd. Citigroup upgraded ING Group to a "strong-buy" rating in a report on Friday, November 21st. Finally, Wall Street Zen cut ING Group from a "buy" rating to a "hold" rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, ING Group presently has a consensus rating of "Buy".

ING Group Price Performance

ING opened at $25.53 on Friday. The company has a fifty day moving average price of $28.77 and a two-hundred day moving average price of $26.74. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.11 and a current ratio of 1.11. ING Group, N.V. has a 52 week low of $16.47 and a 52 week high of $31.17. The firm has a market capitalization of $74.31 billion, a PE ratio of 10.68, a P/E/G ratio of 0.83 and a beta of 0.78.

ING Group (NYSE:ING - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.06. ING Group had a return on equity of 12.05% and a net margin of 27.50%.The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $6.67 billion. As a group, analysts anticipate that ING Group, N.V. will post 2.14 earnings per share for the current year.

ING Group Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 17th will be paid a $0.8796 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a yield of 589.0%. ING Group's dividend payout ratio is presently 62.34%.

ING Group Company Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING's principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.

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