Compound Planning Inc. Has $746,000 Holdings in ING Group, N.V. $ING

Key Points

• Compound Planning Inc. increased its stake in ING Group by 35.8%, purchasing an additional 10,049 shares, bringing its total holdings to 38,087 shares valued at approximately $746,000.
• ING Group announced a semi-annual dividend of $0.4002 per share, with a yield of 450.0%, and a dividend payout ratio of 31.80%.
• Recent analyst upgrades have improved ING Group's rating, with Barclays raising it to “overweight” and Cfra Research moving it from “moderate sell” to “hold”, reflecting a general consensus of a “Moderate Buy” rating.

Compound Planning Inc. lifted its holdings in shares of ING Group, N.V. (NYSE:ING - Free Report) by 35.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 38,087 shares of the financial services provider's stock after acquiring an additional 10,049 shares during the period. Compound Planning Inc.'s holdings in ING Group were worth $746,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ING. Invesco Ltd. lifted its holdings in shares of ING Group by 40.8% during the 4th quarter. Invesco Ltd. now owns 39,915 shares of the financial services provider's stock worth $625,000 after acquiring an additional 11,558 shares during the period. Guggenheim Capital LLC increased its position in ING Group by 21.9% in the 4th quarter. Guggenheim Capital LLC now owns 22,710 shares of the financial services provider's stock valued at $356,000 after acquiring an additional 4,076 shares in the last quarter. First Trust Advisors LP increased its position in ING Group by 197.1% in the 4th quarter. First Trust Advisors LP now owns 188,448 shares of the financial services provider's stock valued at $2,953,000 after acquiring an additional 125,017 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of ING Group by 4.7% during the 4th quarter. OneDigital Investment Advisors LLC now owns 23,731 shares of the financial services provider's stock worth $372,000 after buying an additional 1,059 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of ING Group during the 4th quarter worth approximately $5,577,000. 4.49% of the stock is owned by institutional investors.

ING Group Stock Down 0.5%

ING traded down $0.13 during trading on Thursday, reaching $23.92. The company had a trading volume of 2,736,791 shares, compared to its average volume of 2,754,883. 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 12 month low of $15.09 and a 12 month high of $25.11. The business's fifty day moving average price is $23.17 and its 200 day moving average price is $20.76. The company has a market cap of $75.27 billion, a P/E ratio of 11.02, a PEG ratio of 1.75 and a beta of 1.14.

ING Group (NYSE:ING - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. ING Group had a net margin of 27.28% and a return on equity of 11.62%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.40 billion. Equities 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 was paid on Monday, August 25th. Shareholders of record on Monday, August 11th were paid a $0.4002 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a yield of 450.0%. ING Group's payout ratio is presently 31.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ING shares. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Barclays upgraded shares of ING Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, July 15th. 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 company. Based on data from MarketBeat.com, the company 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.