Flow Traders U.S. LLC Acquires New Position in ING Group, N.V. $ING

Key Points

• Flow Traders U.S. LLC has acquired a new position in ING Group, purchasing 31,069 shares valued at approximately $609,000 during the first quarter.
• Despite recent institutional investments, ING Group's stock price has declined by 1.8% and currently trades at $24.46, following a recent highs of $25.11.
• ING Group reported earnings of $0.64 per share for the last quarter, exceeding estimates, and has announced a semi-annual dividend with a yield of 450.0%.

Flow Traders U.S. LLC purchased a new stake in shares of ING Group, N.V. (NYSE:ING - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,069 shares of the financial services provider's stock, valued at approximately $609,000.

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

ING Group Price Performance

Shares of NYSE:ING traded down $0.13 during midday trading on Thursday, hitting $23.92. The company had a trading volume of 2,736,791 shares, compared to its average volume of 2,612,317. ING Group, N.V. has a twelve month low of $15.09 and a twelve month high of $25.11. The stock has a market cap of $75.27 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. 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 business's 50-day simple moving average is $23.23 and its 200-day simple moving average is $20.82.

ING Group (NYSE:ING - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.40 billion. ING Group had a return on equity of 11.62% and a net margin of 27.28%. On average, research analysts predict that ING Group, N.V. will post 2.14 earnings per share for the current year.

ING Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were issued a $0.4002 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a dividend yield of 450.0%. ING Group's dividend payout ratio is currently 31.34%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ING. Barclays raised ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 15th. Cfra Research raised ING Group from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock 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.