Vanguard Personalized Indexing Management LLC Buys 17,848 Shares of ING Group, N.V. $ING

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in ING Group, N.V. by 10% by acquiring an additional 17,848 shares, bringing its total holdings to 195,984 shares, valued at approximately $4.3 million.
• Credit firms have recently adjusted their ratings on ING Group, with Cfra Research upgrading it to "moderate buy" while Weiss Ratings downgraded it from "buy" to "hold."
• ING Group reported a net margin of 27.28% and is projected to post 2.14 earnings per share for the current year, while also disclosing a semi-annual dividend with a yield of 450%.

Vanguard Personalized Indexing Management LLC boosted its stake in ING Group, N.V. (NYSE:ING - Free Report) by 10.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 195,984 shares of the financial services provider's stock after buying an additional 17,848 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in ING Group were worth $4,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Legacy Advisors LLC bought a new stake in shares of ING Group in the 1st quarter worth $28,000. SBI Securities Co. Ltd. grew its position in ING Group by 135.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider's stock worth $31,000 after purchasing an additional 912 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in ING Group in the 2nd quarter worth about $37,000. Maseco LLP bought a new stake in ING Group in the 2nd quarter worth about $48,000. Finally, Olde Wealth Management LLC bought a new position in shares of ING Group in the first quarter valued at approximately $55,000. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on ING. Weiss Ratings lowered ING Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Cfra Research upgraded ING Group from a "hold" rating to a "moderate buy" rating in a research note on Thursday, September 25th. Barclays upgraded shares of ING Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley upgraded shares of ING Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, ING Group has an average rating of "Buy".

ING Group Stock Up 1.0%

ING stock opened at $24.58 on Wednesday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $77.35 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.75 and a beta of 1.07. ING Group, N.V. has a fifty-two week low of $15.09 and a fifty-two week high of $26.27. The stock has a fifty day moving average of $24.82 and a 200-day moving average of $22.25.

ING Group (NYSE:ING - Get Free Report) last issued its earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.40 billion. ING Group had a net margin of 27.28% and a return on equity of 11.62%. As a group, equities research analysts predict that ING Group, N.V. will post 2.14 earnings per share for the current year.

ING Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were issued a $0.4002 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a yield of 450.0%. ING Group's dividend payout ratio (DPR) 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.

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