Werba Rubin Papier Wealth Management Takes Position in ING Group, N.V. $ING

Werba Rubin Papier Wealth Management acquired a new stake in ING Group, N.V. (NYSE:ING) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 9,215 shares of the financial services provider’s stock, valued at approximately $202,000.

Several other large investors have also made changes to their positions in the business. Ritholtz Wealth Management boosted its holdings in shares of ING Group by 33.6% in the 2nd quarter. Ritholtz Wealth Management now owns 190,867 shares of the financial services provider’s stock valued at $4,174,000 after acquiring an additional 47,969 shares during the last quarter. Sagespring Wealth Partners LLC boosted its holdings in ING Group by 13.8% during the second quarter. Sagespring Wealth Partners LLC now owns 20,017 shares of the financial services provider’s stock worth $438,000 after buying an additional 2,423 shares in the last quarter. Naviter Wealth LLC boosted its holdings in ING Group by 3.1% during the second quarter. Naviter Wealth LLC now owns 77,880 shares of the financial services provider’s stock worth $1,703,000 after buying an additional 2,343 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in ING Group by 3.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,309 shares of the financial services provider’s stock worth $379,000 after buying an additional 532 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in ING Group by 4.8% during the second quarter. Sequoia Financial Advisors LLC now owns 58,537 shares of the financial services provider’s stock worth $1,280,000 after buying an additional 2,673 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

ING Group Stock Performance

NYSE:ING opened at $24.41 on Friday. 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 fifty day moving average of $24.84 and a two-hundred day moving average of $22.30. The stock has a market capitalization of $76.83 billion, a PE ratio of 11.25, a P/E/G 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.

ING Group (NYSE:ING) last posted its quarterly earnings data 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 company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.40 billion. ING Group had a net margin of 27.28% and a return on equity of 11.62%. As a group, research analysts forecast that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 11th were given a $0.4002 dividend. This represents a dividend yield of 450.0%. The ex-dividend date was Monday, August 11th. ING Group’s dividend payout ratio is 31.80%.

ING Group 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.