Ethic Inc. increased its position in ING Group, N.V. (NYSE:ING - Free Report) by 21.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,643 shares of the financial services provider's stock after purchasing an additional 27,926 shares during the period. Ethic Inc.'s holdings in ING Group were worth $3,531,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ING. Price T Rowe Associates Inc. MD bought a new position in ING Group in the 1st quarter worth about $36,062,000. Millennium Management LLC boosted its stake in ING Group by 197.6% in the 1st quarter. Millennium Management LLC now owns 1,667,239 shares of the financial services provider's stock worth $32,661,000 after purchasing an additional 1,106,926 shares in the last quarter. Natixis Advisors LLC boosted its stake in ING Group by 25.7% in the 1st quarter. Natixis Advisors LLC now owns 4,250,850 shares of the financial services provider's stock worth $83,274,000 after purchasing an additional 869,281 shares in the last quarter. National Bank of Canada FI boosted its stake in ING Group by 1,434.0% in the 1st quarter. National Bank of Canada FI now owns 405,101 shares of the financial services provider's stock worth $7,932,000 after purchasing an additional 378,693 shares in the last quarter. Finally, Curi RMB Capital LLC bought a new position in ING Group in the 1st quarter worth about $6,833,000. Institutional investors own 4.49% of the company's stock.
ING Group Price Performance
Shares of NYSE:ING opened at $23.86 on Friday. ING Group, N.V. has a fifty-two week low of $15.09 and a fifty-two week high of $26.27. The business has a 50-day simple moving average of $24.77 and a two-hundred day simple moving average of $22.48. 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 firm has a market cap of $75.08 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07.
ING Group (NYSE:ING - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.40 billion. On average, analysts expect that ING Group, N.V. will post 2.14 earnings per share for the current year.
ING Group Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 11th were paid a $0.4002 dividend. This represents a dividend yield of 450.0%. The ex-dividend date was Monday, August 11th. ING Group's dividend payout ratio is 31.80%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on ING shares. Cfra Research upgraded shares of ING Group from a "hold" rating to a "moderate buy" rating in a research note on Thursday, September 25th. Morgan Stanley raised ING Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, September 2nd. Weiss Ratings lowered ING Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Finally, Barclays raised ING Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on ING Group
ING Group Company Profile
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Free Report)
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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