Integrity Alliance LLC. Acquires Shares of 10,646 ING Group, N.V. $ING

Key Points

• Integrity Alliance LLC. has acquired 10,646 shares of ING Group, valued at approximately $209,000, signaling interest in the financial services provider.
• ING Group's stock has seen a 1.0% increase and reported strong earnings, with $0.64 earnings per share, exceeding analyst expectations.
• The company cut its dividend to $0.4002 per share, representing a yield of 450.0%, while its payout ratio stands at 31.80%.

Integrity Alliance LLC. bought a new position in shares of ING Group, N.V. (NYSE:ING - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 10,646 shares of the financial services provider's stock, valued at approximately $209,000.

A number of other hedge funds also recently made changes to their positions in ING. Cetera Investment Advisers raised its stake in shares of ING Group by 8.6% during the 4th quarter. Cetera Investment Advisers now owns 132,692 shares of the financial services provider's stock worth $2,079,000 after purchasing an additional 10,471 shares during the period. Focus Partners Wealth raised its stake in shares of ING Group by 6.2% during the 4th quarter. Focus Partners Wealth now owns 42,832 shares of the financial services provider's stock worth $673,000 after purchasing an additional 2,516 shares during the period. Millennium Management LLC raised its stake in shares of ING Group by 671.8% during the 4th quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider's stock worth $8,780,000 after purchasing an additional 487,716 shares during the period. Point72 Asset Management L.P. raised its stake in shares of ING Group by 270.2% during the 4th quarter. Point72 Asset Management L.P. now owns 87,815 shares of the financial services provider's stock worth $1,376,000 after purchasing an additional 64,097 shares during the period. Finally, 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 during the period. 4.49% of the stock is currently owned by institutional investors.

ING Group Stock Up 1.0%

ING stock opened at $25.37 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $79.85 billion, a PE ratio of 11.69, a PEG ratio of 1.83 and a beta of 1.10. ING Group, N.V. has a twelve month low of $15.09 and a twelve month high of $25.43. The stock has a 50-day simple moving average of $23.82 and a two-hundred day simple moving average of $21.42.

ING Group (NYSE:ING - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. The business had revenue of $6.55 billion during 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, equities analysts predict that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 11th were issued a dividend of $0.4002 per share. This represents a yield of 450.0%. The ex-dividend date of this dividend was Monday, August 11th. ING Group's payout ratio is presently 31.80%.

Wall Street Analyst Weigh In

ING has been the topic of a number of recent 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 raised ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

ING Group 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.

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