ING Group, N.V. (NYSE:ING) Stock Position Raised by Abundance Wealth Counselors

Abundance Wealth Counselors raised its position in shares of ING Group, N.V. (NYSE:ING - Free Report) by 28.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,030 shares of the financial services provider's stock after purchasing an additional 12,257 shares during the period. Abundance Wealth Counselors' holdings in ING Group were worth $1,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp raised its stake in shares of ING Group by 48.2% during the 4th quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock worth $65,205,000 after purchasing an additional 1,353,054 shares in the last quarter. Royal Bank of Canada raised its stake in shares of ING Group by 0.8% during the 4th quarter. Royal Bank of Canada now owns 3,946,653 shares of the financial services provider's stock worth $61,844,000 after purchasing an additional 31,963 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of ING Group by 2.3% during the 4th quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider's stock worth $52,989,000 after purchasing an additional 74,771 shares in the last quarter. Todd Asset Management LLC raised its stake in shares of ING Group by 1.6% during the 4th quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider's stock worth $43,436,000 after purchasing an additional 42,851 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of ING Group by 7.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,774,430 shares of the financial services provider's stock worth $27,806,000 after purchasing an additional 121,620 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Group Stock Up 1.4%

Shares of ING stock opened at $20.78 on Friday. The stock's 50 day simple moving average is $20.38 and its 200 day simple moving average is $18.32. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.12 and a current ratio of 1.12. ING Group, N.V. has a twelve month low of $15.09 and a twelve month high of $21.76. The company has a market capitalization of $72.67 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.97 and a beta of 1.13.

ING Group (NYSE:ING - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). ING Group had a net margin of 27.70% and a return on equity of 11.68%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. As a group, research analysts predict that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.6526 dividend. This represents a dividend yield of 5.1%. This is an increase from ING Group's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, April 25th. ING Group's dividend payout ratio (DPR) is presently 64.45%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ING. The Goldman Sachs Group raised ING Group from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Cfra Research raised ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ING Group has an average 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.

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