Boston Partners Raises Stake in ING Group, N.V. $ING

Key Points

• Boston Partners increased its stake in ING Group, acquiring an additional 34,325 shares, raising its total holdings by 20.6% to 200,726 shares, valued at approximately $3.93 million.
• ING Group reported a Q2 EPS of $0.64, exceeding analysts' expectations, with a revenue of $6.55 billion compared to estimates of $6.40 billion.
• The company declared a semi-annual dividend of $0.4002, with a dividend yield of 450.0% and a payout ratio of 31.80% set for distribution on August 25th.

Boston Partners increased its stake in ING Group, N.V. (NYSE:ING - Free Report) by 20.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,726 shares of the financial services provider's stock after acquiring an additional 34,325 shares during the quarter. Boston Partners' holdings in ING Group were worth $3,927,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Legacy Advisors LLC bought a new stake in shares of ING Group in the 1st quarter valued at $28,000. SBI Securities Co. Ltd. increased 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 in the last quarter. Redwood Investments LLC bought a new stake in shares of ING Group in the 4th quarter valued at $41,000. Olde Wealth Management LLC bought a new stake in shares of ING Group in the 1st quarter valued at $55,000. Finally, Hexagon Capital Partners LLC increased 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 in the last quarter. Institutional investors own 4.49% of the company's stock.

ING Group Stock Up 0.1%

ING traded up $0.0360 during mid-day trading on Friday, reaching $24.8860. 933,911 shares of the stock were exchanged, compared to its average volume of 2,756,490. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $78.33 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.78 and a beta of 1.14. The company has a 50 day moving average price of $22.87 and a two-hundred day moving average price of $20.55. ING Group, N.V. has a 1 year low of $15.09 and a 1 year high of $25.11.

ING Group (NYSE:ING - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 27.28% and a return on equity of 11.62%. As a group, research analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 11th will be issued a $0.4002 dividend. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend is Monday, August 11th. ING Group's payout ratio is 31.80%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays upgraded shares of ING Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 15th. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

ING Group 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.