Flow Traders U.S. LLC Buys New Shares 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 acquired 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 acquired 31,069 shares of the financial services provider's stock, valued at approximately $609,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in ING Group by 68.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 47,475 shares of the financial services provider's stock worth $931,000 after acquiring an additional 19,332 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of ING Group in the 1st quarter valued at approximately $126,000. PNC Financial Services Group Inc. raised its position in shares of ING Group by 14.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 104,056 shares of the financial services provider's stock valued at $2,038,000 after acquiring an additional 13,304 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of ING Group in the 1st quarter valued at approximately $274,000. Finally, Massachusetts Financial Services Co. MA increased its stake in ING Group by 60.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 529,731 shares of the financial services provider's stock worth $10,377,000 after purchasing an additional 198,549 shares in the last quarter. Institutional investors own 4.49% of the company's stock.

ING Group Stock Down 0.3%

Shares of ING traded down $0.07 during mid-day trading on Friday, hitting $23.85. 3,505,063 shares of the company's stock were exchanged, compared to its average volume of 2,656,206. The company has a market cap of $75.05 billion, a PE ratio of 10.99, a P/E/G ratio of 1.71 and a beta of 1.10. ING Group, N.V. has a 52 week low of $15.09 and a 52 week high of $25.11. The company has a 50-day simple moving average of $23.30 and a 200 day simple moving average of $20.92. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.12 and a quick ratio of 1.12.

ING Group (NYSE:ING - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations of $6.40 billion. On average, research analysts forecast that ING Group, N.V. will post 2.14 earnings per share 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 paid 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 (DPR) is currently 31.34%.

Analyst Ratings Changes

A number of analysts recently issued reports on ING shares. Cfra Research raised ING Group from a "moderate sell" rating to a "hold" rating in a research note 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 research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

About ING Group

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.