Compound Planning Inc. Increases Stake 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. grew its stake in ING Group, N.V. (NYSE:ING - Free Report) by 35.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new stake in shares of ING Group in the 1st quarter worth approximately $609,000. Price T Rowe Associates Inc. MD purchased a new position in shares of ING Group in the first quarter worth $36,062,000. Capital Fund Management S.A. raised its holdings in shares of ING Group by 21.3% in the first quarter. Capital Fund Management S.A. now owns 533,889 shares of the financial services provider's stock worth $10,459,000 after buying an additional 93,743 shares during the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of ING Group by 10.1% in the first quarter. Legacy Financial Advisors Inc. now owns 24,987 shares of the financial services provider's stock worth $490,000 after buying an additional 2,297 shares during the last quarter. Finally, Qtron Investments LLC increased its stake in shares of ING Group by 3.8% in the first quarter. Qtron Investments LLC now owns 66,416 shares of the financial services provider's stock worth $1,301,000 after acquiring an additional 2,454 shares during the period. Hedge funds and other institutional investors own 4.49% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. 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 raised shares of ING Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

ING Group Stock Down 0.3%

NYSE ING traded down $0.07 on Friday, hitting $23.85. 3,505,063 shares of the stock were exchanged, compared to its average volume of 2,652,426. The company has a 50-day moving average price of $23.30 and a 200-day moving average price of $20.89. ING Group, N.V. has a fifty-two week low of $15.09 and a fifty-two week high of $25.11. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.83. The company has a market cap of $75.05 billion, a PE ratio of 10.99, a PEG ratio of 1.71 and a beta of 1.14.

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 (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. ING Group had a net margin of 27.28% and a return on equity of 11.62%. The business had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.40 billion. Sell-side analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were paid a dividend of $0.4002 per share. The ex-dividend date was Monday, August 11th. This represents a yield of 450.0%. ING Group's dividend payout ratio 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.