185,588 Shares in ING Group, N.V. $ING Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in ING Group, purchasing 185,588 shares valued at approximately $3.6 million.
• ING Group recently reported an earnings per share (EPS) of $0.64 for the last quarter, exceeding analysts' expectations of $0.59.
• The firm announced a semi-annual dividend of $0.4002 per share, with a payout ratio of 31.80% and a significant dividend yield of 450.0%.

Nuveen LLC bought a new position in ING Group, N.V. (NYSE:ING - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 185,588 shares of the financial services provider's stock, valued at approximately $3,636,000.

A number of other large investors have also added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in ING Group by 40.8% in the fourth quarter. Invesco Ltd. now owns 39,915 shares of the financial services provider's stock valued at $625,000 after acquiring an additional 11,558 shares during the period. First Trust Advisors LP lifted its holdings in ING Group by 197.1% in the fourth quarter. First Trust Advisors LP now owns 188,448 shares of the financial services provider's stock valued at $2,953,000 after acquiring an additional 125,017 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in ING Group by 25.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 27,390 shares of the financial services provider's stock valued at $429,000 after acquiring an additional 5,477 shares during the period. Coldstream Capital Management Inc. lifted its holdings in ING Group by 13.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 22,208 shares of the financial services provider's stock valued at $348,000 after acquiring an additional 2,567 shares during the period. Finally, Aquatic Capital Management LLC lifted its holdings in ING Group by 170.6% in the fourth quarter. Aquatic Capital Management LLC now owns 107,164 shares of the financial services provider's stock valued at $1,679,000 after acquiring an additional 67,564 shares during the period. Institutional investors own 4.49% of the company's stock.

ING Group Price Performance

Shares of NYSE:ING traded up $0.12 on Tuesday, reaching $23.95. The company's stock had a trading volume of 2,570,936 shares, compared to its average volume of 2,522,893. ING Group, N.V. has a 52-week low of $15.09 and a 52-week high of $25.11. The company has a market cap of $75.36 billion, a P/E ratio of 11.03, a PEG ratio of 1.71 and a beta of 1.10. The company has a 50-day simple moving average of $23.41 and a 200 day simple moving average of $20.99. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.12 and a current ratio of 1.12.

ING Group (NYSE:ING - Get Free Report) last issued 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 net margin of 27.28% and a return on equity of 11.62%. The business had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.40 billion. As a group, equities research analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Cuts Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on ING. Morgan Stanley raised ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Barclays upgraded shares of ING Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ING Group presently 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.