ING Group, N.V. $ING Holdings Cut by Ethic Inc.

Key Points

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Ethic Inc. cut its stake in ING Group, N.V. (NYSE:ING - Free Report) by 27.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,717 shares of the financial services provider's stock after selling 49,150 shares during the period. Ethic Inc.'s holdings in ING Group were worth $2,604,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Advisors LLC bought a new stake in ING Group during the first quarter worth approximately $28,000. SBI Securities Co. Ltd. boosted its holdings in ING Group by 135.3% during the first quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider's stock worth $31,000 after buying an additional 912 shares in the last quarter. Redwood Investments LLC bought a new stake in ING Group during the fourth quarter worth approximately $41,000. Olde Wealth Management LLC bought a new stake in ING Group during the first quarter worth approximately $55,000. Finally, Hexagon Capital Partners LLC boosted its holdings in ING Group by 21.4% during the first quarter. Hexagon Capital Partners LLC now owns 5,085 shares of the financial services provider's stock worth $100,000 after buying an additional 897 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Group Trading Up 0.2%

ING Group stock traded up $0.0380 during midday trading on Friday, reaching $24.8880. The stock had a trading volume of 2,416,854 shares, compared to its average volume of 2,652,591. The firm's fifty day simple moving average is $22.95 and its two-hundred day simple moving average is $20.63. ING Group, N.V. has a twelve month low of $15.09 and a twelve month high of $25.11. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $78.33 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.79 and a beta of 1.14.

ING Group (NYSE:ING - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, topping 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 during 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 fiscal year.

ING Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 11th will be paid a $0.4002 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a yield of 450.0%. ING Group's dividend payout ratio (DPR) is currently 31.80%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ING shares. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. Barclays upgraded shares of ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 15th. One research 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, ING Group 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.