Cambiar Investors LLC Reduces Position in ING Group, N.V. $ING

Key Points

• Cambiar Investors LLC has reduced its holdings in ING Group by 5.5% during the first quarter, selling 74,748 shares and bringing its total to 1,286,646 shares valued at approximately $25.2 million.
• Analysts have given ING Group an average rating of "Moderate Buy," with Barclays upgrading the company from "equal weight" to "overweight" recently.
• ING Group reported earnings per share (EPS) of $0.64 for the last quarter, surpassing expectations and boasting robust financials, including a net margin of 27.28% and revenue of $6.55 billion.

Cambiar Investors LLC lowered its stake in ING Group, N.V. (NYSE:ING - Free Report) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,286,646 shares of the financial services provider's stock after selling 74,748 shares during the period. Cambiar Investors LLC's holdings in ING Group were worth $25,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Legacy Advisors LLC acquired a new stake in ING Group in the 1st quarter valued at about $28,000. SBI Securities Co. Ltd. raised its position 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 valued at $31,000 after purchasing an additional 912 shares in the last quarter. Redwood Investments LLC acquired a new stake in ING Group in the 4th quarter valued at about $41,000. Olde Wealth Management LLC acquired a new stake in ING Group in the 1st quarter valued at about $55,000. Finally, Hexagon Capital Partners LLC raised its position in 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 purchasing an additional 897 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ING shares. Barclays raised ING Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, July 15th. Cfra Research raised ING Group from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. One investment 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

ING Group Stock Up 0.3%

Shares of NYSE ING traded up $0.0830 during midday trading on Friday, hitting $24.9330. 1,476,531 shares of the company's stock were exchanged, compared to its average volume of 2,760,357. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.12 and a quick ratio of 1.12. ING Group, N.V. has a twelve month low of $15.09 and a twelve month high of $25.11. The company has a market cap of $78.47 billion, a PE ratio of 11.49, a P/E/G ratio of 1.78 and a beta of 1.14. The firm's fifty day simple moving average is $22.87 and its 200-day simple moving average is $20.55.

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

ING Group Cuts Dividend

The company also recently declared 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. This represents a yield of 450.0%. The ex-dividend date is Monday, August 11th. ING Group's dividend payout ratio (DPR) is currently 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.