Compound Planning Inc. Purchases 10,049 Shares of ING Group, N.V. $ING

Compound Planning Inc. lifted its holdings in ING Group, N.V. (NYSE:ING) by 35.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,087 shares of the financial services provider’s stock after purchasing an additional 10,049 shares during the period. Compound Planning Inc.’s holdings in ING Group were worth $746,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD acquired a new stake in ING Group in the 1st quarter valued at approximately $36,062,000. Northern Trust Corp boosted its position 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 acquiring an additional 1,353,054 shares during the period. Natixis Advisors LLC grew its stake in shares of 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 worth $83,274,000 after acquiring an additional 869,281 shares during the last quarter. Millennium Management LLC grew its stake in shares of ING Group by 671.8% in the fourth quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider’s stock worth $8,780,000 after acquiring an additional 487,716 shares during the last quarter. Finally, National Bank of Canada FI increased its position in ING Group by 1,434.0% during the first quarter. National Bank of Canada FI now owns 405,101 shares of the financial services provider’s stock worth $7,932,000 after acquiring an additional 378,693 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Price Performance

Shares of ING Group stock opened at $24.8880 on Monday. The firm has a market cap of $78.33 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The firm’s 50-day simple moving average is $22.95 and its 200-day simple moving average is $20.66. ING Group, N.V. has a twelve month low of $15.09 and a twelve month high of $25.11. 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) last announced its quarterly earnings results 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 firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.40 billion. As a group, research analysts expect 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 will be paid on Monday, August 25th. Shareholders of record on Monday, August 11th will be given a $0.4002 dividend. This represents a yield of 450.0%. The ex-dividend date is Monday, August 11th. ING Group’s dividend payout ratio is 31.80%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ING shares. Barclays raised shares of ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 15th. Cfra Research upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, ING Group presently has a consensus rating of “Moderate Buy”.

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.