Vident Advisory LLC Purchases 26,499 Shares of ING Group, N.V. $ING

Key Points

• Vident Advisory LLC increased its stake in ING Group, N.V. by 52.7%, holding 76,786 shares valued at $1.5 million as of its latest SEC filing.
• Multiple analysts have upgraded ING Group's rating, with firms such as Morgan Stanley and Barclays moving their ratings to "overweight."
• ING Group recently announced a semi-annual dividend of $0.4002, which corresponds to a yield of 450.0%, with a payout ratio of 31.80%.

Vident Advisory LLC lifted its position in shares of ING Group, N.V. (NYSE:ING - Free Report) by 52.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,786 shares of the financial services provider's stock after buying an additional 26,499 shares during the period. Vident Advisory LLC's holdings in ING Group were worth $1,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Advisors LLC acquired a new position in ING Group during the first quarter valued at approximately $28,000. SBI Securities Co. Ltd. boosted its position 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 valued at $31,000 after purchasing an additional 912 shares during the last quarter. Redwood Investments LLC acquired a new position in ING Group during the fourth quarter valued at approximately $41,000. Olde Wealth Management LLC acquired a new position in ING Group during the first quarter valued at approximately $55,000. Finally, Hexagon Capital Partners LLC boosted its position 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 valued at $100,000 after purchasing an additional 897 shares during the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Group Price Performance

ING Group stock traded down $0.25 during mid-day trading on Friday, reaching $24.10. 2,303,064 shares of the company were exchanged, compared to its average volume of 2,479,604. The company has a fifty day simple moving average of $23.57 and a 200-day simple moving average of $21.14. ING Group, N.V. has a 12 month low of $15.09 and a 12 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 $75.86 billion, a PE ratio of 11.11, a PEG ratio of 1.73 and a beta of 1.10.

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 return on equity of 11.62% and a net margin of 27.28%.The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.40 billion. As a group, equities research analysts expect that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 11th were paid a $0.4002 dividend. The ex-dividend date was Monday, August 11th. This represents a dividend yield of 450.0%. ING Group's dividend payout ratio (DPR) is presently 31.34%.

Wall Street Analyst Weigh In

ING has been the topic of several research analyst reports. Barclays upgraded ING Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 15th. Morgan Stanley upgraded ING Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, September 2nd. One research 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 stock. According to MarketBeat, ING Group 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.