Exencial Wealth Advisors LLC Invests $1.05 Million in ING Group, N.V. $ING

Exencial Wealth Advisors LLC bought a new stake in shares of ING Group, N.V. (NYSE:ING) during the 2nd quarter, Holdings Channel reports. The firm bought 48,045 shares of the financial services provider’s stock, valued at approximately $1,051,000.

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

ING Group Stock Up 0.2%

Shares of ING stock opened at $23.86 on Friday. The company’s fifty day simple moving average is $24.77 and its two-hundred day simple moving average is $22.48. ING Group, N.V. has a 52 week low of $15.09 and a 52 week high of $26.27. The stock has a market cap of $75.08 billion, a P/E ratio of 10.99, a PEG ratio of 1.71 and a beta of 1.07. 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 (NYSE:ING) last issued its earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.40 billion. ING Group had a return on equity of 11.62% and a net margin of 27.28%. 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 disclosed 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 31.80%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Cfra Research raised shares of ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. Weiss Ratings lowered ING Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Barclays raised ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 15th. Finally, Morgan Stanley raised ING Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company 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.