ING Group, N.V. $ING Stock Position Lifted by Capital Investment Counsel LLC

Capital Investment Counsel LLC boosted its position in shares of ING Group, N.V. (NYSE:ING) by 2.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 301,229 shares of the financial services provider’s stock after buying an additional 5,778 shares during the period. Capital Investment Counsel LLC’s holdings in ING Group were worth $5,901,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Legacy Advisors LLC bought a new position in ING Group during the first quarter valued at about $28,000. SBI Securities Co. Ltd. boosted its stake in ING Group by 135.3% during the first quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider’s stock valued at $31,000 after buying an additional 912 shares in the last quarter. Redwood Investments LLC bought a new position in ING Group during the fourth quarter valued at about $41,000. Olde Wealth Management LLC bought a new position in ING Group during the first quarter valued at about $55,000. Finally, MAI Capital Management boosted its stake in ING Group by 23.1% during the first quarter. MAI Capital Management now owns 4,190 shares of the financial services provider’s stock valued at $82,000 after buying an additional 785 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

ING Group Trading Down 0.3%

Shares of NYSE ING opened at $23.85 on Monday. ING Group, N.V. has a 12 month low of $15.09 and a 12 month high of $25.11. The company has a market cap of $75.05 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.71 and a beta of 1.10. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.83. The business has a fifty day simple moving average of $23.30 and a 200-day simple moving average of $20.92.

ING Group (NYSE:ING) last announced its earnings results on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. ING Group had a return on equity of 11.62% and a net margin of 27.28%.The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.40 billion. Sell-side analysts predict that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 11th were issued a dividend of $0.4002 per share. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend was Monday, August 11th. ING Group’s dividend payout ratio is currently 31.34%.

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.