Capital Fund Management S.A. Grows Stock Position in ING Group, N.V. $ING

Key Points

• Capital Fund Management S.A. increased its stake in ING Group, N.V. by 21.3%, acquiring an additional 93,743 shares, bringing its total holdings to 533,889 shares valued at approximately $10.46 million.
• Several institutional investors have recently boosted their positions in ING, with Allspring Global Investments increasing its stake by 68.7% and others like Massachusetts Financial Services raising theirs by 60% in the first quarter.
• ING Group reported a quarterly earnings of $0.64 per share, exceeding analysts’ expectations, and announced a semi-annual dividend of $0.4002 with a yield of 450.0% for investors of record.

Capital Fund Management S.A. increased its position in shares of ING Group, N.V. (NYSE:ING - Free Report) by 21.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 533,889 shares of the financial services provider's stock after buying an additional 93,743 shares during the period. Capital Fund Management S.A.'s holdings in ING Group were worth $10,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Advisors LLC purchased a new stake in shares of ING Group during the 1st quarter valued at about $28,000. SBI Securities Co. Ltd. lifted 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 valued at $31,000 after purchasing an additional 912 shares in the last quarter. Redwood Investments LLC purchased a new position in shares of ING Group in the 4th quarter valued at about $41,000. Olde Wealth Management LLC purchased a new position in ING Group in the first quarter worth $55,000. Finally, Hexagon Capital Partners LLC raised its holdings 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 worth $100,000 after purchasing an additional 897 shares during the period. 4.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

ING Group Trading Down 1.5%

Shares of ING stock traded down $0.37 on Wednesday, hitting $23.99. 839,408 shares of the stock traded hands, compared to its average volume of 2,746,751. 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 $75.49 billion, a PE ratio of 11.06, a PEG ratio of 1.76 and a beta of 1.14. The firm's 50-day moving average price is $23.10 and its two-hundred day moving average price is $20.74. ING Group, N.V. has a twelve month low of $15.09 and a twelve month high of $25.11.

ING Group (NYSE:ING - Get Free Report) last issued its quarterly 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. The firm had revenue of $6.55 billion during 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, 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. Investors of record on Monday, August 11th were issued a $0.4002 dividend. The ex-dividend date was Monday, August 11th. This represents a yield of 450.0%. ING Group's dividend payout ratio (DPR) is currently 31.80%.

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.