10,646 Shares in ING Group, N.V. $ING Purchased by Integrity Alliance LLC.

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 ING Group, N.V. (NYSE:ING - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,646 shares of the financial services provider's stock, valued at approximately $209,000.

A number of other hedge funds have also modified their holdings of ING. Cetera Investment Advisers grew its holdings in shares of ING Group by 8.6% in the 4th quarter. Cetera Investment Advisers now owns 132,692 shares of the financial services provider's stock worth $2,079,000 after acquiring an additional 10,471 shares during the last quarter. Focus Partners Wealth raised its position in ING Group by 6.2% during the fourth quarter. Focus Partners Wealth now owns 42,832 shares of the financial services provider's stock valued at $673,000 after buying an additional 2,516 shares during the period. Millennium Management LLC raised its position in ING Group by 671.8% during the fourth quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider's stock valued at $8,780,000 after buying an additional 487,716 shares during the period. Point72 Asset Management L.P. raised its position in ING Group by 270.2% during the fourth quarter. Point72 Asset Management L.P. now owns 87,815 shares of the financial services provider's stock valued at $1,376,000 after buying an additional 64,097 shares during the period. Finally, Royal Bank of Canada raised its position in ING Group by 0.8% during the fourth quarter. Royal Bank of Canada now owns 3,946,653 shares of the financial services provider's stock valued at $61,844,000 after buying an additional 31,963 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ING has been the topic of several recent analyst reports. Barclays raised ING Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, July 15th. Morgan Stanley raised ING Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, ING Group presently has an average rating of "Moderate Buy".

ING Group Stock Up 0.5%

NYSE ING traded up $0.13 on Friday, reaching $25.45. The stock had a trading volume of 1,515,485 shares, compared to its average volume of 2,605,363. The business has a 50 day moving average price of $24.09 and a 200 day moving average price of $21.63. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.83. ING Group, N.V. has a 1 year low of $15.09 and a 1 year high of $25.81. The company has a market capitalization of $80.10 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.82 and a beta of 1.10.

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

ING Group Cuts Dividend

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

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.