Curi RMB Capital LLC Buys Shares of 348,792 ING Group, N.V. $ING

Key Points

• Curi RMB Capital LLC has acquired 348,792 shares of ING Group, valued at approximately $6.83 million, during the first quarter according to their Form 13F filing.
• ING Group reported a net margin of 27.28% and earnings per share that surpassed expectations at $0.64.
• Barclays and Morgan Stanley both upgraded ING Group's rating to "overweight," with the stock now rated as a "Moderate Buy" by analysts.

Curi RMB Capital LLC purchased a new position in shares of ING Group, N.V. (NYSE:ING - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 348,792 shares of the financial services provider's stock, valued at approximately $6,833,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Northern Trust Corp raised its holdings in shares of ING Group by 4.4% in the 1st quarter. Northern Trust Corp now owns 4,342,916 shares of the financial services provider's stock valued at $85,078,000 after purchasing an additional 181,800 shares in the last quarter. Natixis Advisors LLC boosted its position in ING Group by 25.7% during the 1st quarter. Natixis Advisors LLC now owns 4,250,850 shares of the financial services provider's stock valued at $83,274,000 after acquiring an additional 869,281 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of ING Group by 0.8% in the 4th quarter. Royal Bank of Canada now owns 3,946,653 shares of the financial services provider's stock valued at $61,844,000 after acquiring an additional 31,963 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in shares of ING Group in the 1st quarter valued at $36,062,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of ING Group by 0.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,780,630 shares of the financial services provider's stock worth $34,882,000 after acquiring an additional 6,200 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Group Stock Performance

ING opened at $24.34 on Friday. The company has a market cap of $76.59 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 1.73 and a beta of 1.10. 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 firm's 50-day moving average price is $23.52 and its 200-day moving average price is $21.06. ING Group, N.V. has a 52-week low of $15.09 and a 52-week high of $25.11.

ING Group (NYSE:ING - Get Free Report) last released 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 net margin of 27.28% and a return on equity of 11.62%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.40 billion. As a group, equities analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were given a $0.4002 dividend. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend was Monday, August 11th. ING Group's dividend payout ratio is presently 31.80%.

Analyst Upgrades and Downgrades

ING has been the topic of a number of recent research reports. Barclays raised ING Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, July 15th. Morgan Stanley upgraded shares of ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, ING Group presently has an average rating of "Moderate Buy".

ING Group Company 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.

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