XY Capital Ltd Purchases 73,246 Shares of ING Group, N.V. $ING

Key Points

• XY Capital Ltd boosted its stake in ING Group by 268.3% in the third quarter, buying 73,246 shares to hold 100,546 shares worth $2.62M, about 1.4% of its portfolio and its 17th-largest position.
• ING Group recently beat EPS estimates ($0.56 vs. $0.50) but missed revenue expectations ($4.61B vs. $6.67B), announced a $0.8796 dividend payable May 1 (article lists a 589.0% yield), and carries a $74.31B market cap with analysts’ consensus rating of "Buy".

XY Capital Ltd grew its position in ING Group, N.V. (NYSE:ING - Free Report) by 268.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,546 shares of the financial services provider's stock after purchasing an additional 73,246 shares during the quarter. ING Group comprises approximately 1.4% of XY Capital Ltd's investment portfolio, making the stock its 17th biggest position. XY Capital Ltd's holdings in ING Group were worth $2,622,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in ING Group by 7.3% in the 2nd quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider's stock valued at $191,681,000 after buying an additional 593,424 shares in the last quarter. Todd Asset Management LLC lifted its holdings in shares of ING Group by 1.0% during the third quarter. Todd Asset Management LLC now owns 2,795,403 shares of the financial services provider's stock worth $72,904,000 after buying an additional 26,639 shares in the last quarter. Citigroup Inc. boosted its position in shares of ING Group by 249.9% in the third quarter. Citigroup Inc. now owns 2,047,717 shares of the financial services provider's stock valued at $53,404,000 after acquiring an additional 1,462,527 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of ING Group by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,990,736 shares of the financial services provider's stock valued at $51,918,000 after acquiring an additional 82,340 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in ING Group by 0.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,778,550 shares of the financial services provider's stock worth $46,385,000 after acquiring an additional 10,300 shares during the period. Institutional investors own 4.49% of the company's stock.

ING Group Price Performance

ING stock opened at $25.53 on Friday. The company's 50-day moving average price is $28.77 and its two-hundred day moving average price is $26.72. ING Group, N.V. has a 12 month low of $16.47 and a 12 month high of $31.17. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73. The firm has a market cap of $74.31 billion, a P/E ratio of 10.68, a P/E/G ratio of 0.86 and a beta of 0.78.

ING Group (NYSE:ING - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $6.67 billion. ING Group had a net margin of 27.50% and a return on equity of 12.05%. On average, analysts anticipate that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 17th will be issued a $0.8796 dividend. This represents a dividend yield of 589.0%. The ex-dividend date of this dividend is Friday, April 17th. ING Group's dividend payout ratio (DPR) is currently 28.87%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of ING Group in a report on Monday, December 29th. Zacks Research raised shares of ING Group from a "hold" rating to a "strong-buy" rating in a report on Monday, February 2nd. Jefferies Financial Group started coverage on shares of ING Group in a research report on Tuesday, January 27th. They issued a "hold" rating for the company. Wall Street Zen downgraded ING Group from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft upgraded ING Group from a "hold" rating to a "buy" rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, ING Group has an average rating of "Buy".

ING Group Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING's principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.

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