ING Group, N.V. $ING Shares Bought by Sei Investments Co.

Key Points

• Sei Investments Co. increased its holdings in ING Group, N.V. by 10% in the first quarter, acquiring an additional 61,039 shares, bringing their total to 669,011 shares worth approximately $13.1 million.
• Several institutional investors have also raised their stakes in ING Group, with Hexagon Capital Partners LLC leading with a 21.4% increase in their position during the same quarter.
• Despite the increase in institutional ownership, analysts have mixed ratings on ING Group, with Cfra Research upgrading the stock to a "hold" rating while Barclays upgraded it to "overweight."

Sei Investments Co. grew its position in shares of ING Group, N.V. (NYSE:ING - Free Report) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 669,011 shares of the financial services provider's stock after buying an additional 61,039 shares during the quarter. Sei Investments Co.'s holdings in ING Group were worth $13,106,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp boosted its stake in shares of ING Group by 48.2% in the fourth quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock valued at $65,205,000 after buying an additional 1,353,054 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in ING Group in the fourth quarter valued at $14,375,000. Natixis Advisors LLC lifted its holdings in ING Group by 25.7% in the first quarter. Natixis Advisors LLC now owns 4,250,850 shares of the financial services provider's stock valued at $83,274,000 after acquiring an additional 869,281 shares during the period. Millennium Management LLC boosted its position 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 in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of ING Group by 1,434.0% during the 1st quarter. National Bank of Canada FI now owns 405,101 shares of the financial services provider's stock worth $7,932,000 after purchasing an additional 378,693 shares during the period. Hedge funds and other institutional investors own 4.49% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ING. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Barclays raised shares of ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

ING Group Price Performance

Shares of ING traded up $0.1250 during mid-day trading on Wednesday, reaching $24.8150. 2,694,230 shares of the company's stock were exchanged, compared to its average volume of 2,901,483. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.83. 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 $78.10 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.78 and a beta of 1.14. The company has a 50-day simple moving average of $22.80 and a two-hundred day simple moving average of $20.49.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. The firm had revenue of $6.55 billion for 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, sell-side analysts predict 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 will be paid on Monday, August 25th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.4002 per share. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend is Monday, August 11th. ING Group's dividend payout ratio (DPR) is currently 31.80%.

ING Group Company 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.