ING Group, N.V. $ING Shares Acquired by Whipplewood Advisors LLC

Whipplewood Advisors LLC grew its stake in ING Group, N.V. (NYSE:ING) by 17.9% during the 2nd quarter, Holdings Channel reports. The firm owned 3,558 shares of the financial services provider’s stock after purchasing an additional 539 shares during the quarter. Whipplewood Advisors LLC’s holdings in ING Group were worth $78,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ING. GAMMA Investing LLC grew its position in shares of ING Group by 40.9% in the first quarter. GAMMA Investing LLC now owns 9,682 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 2,810 shares during the period. Janney Montgomery Scott LLC grew its position in shares of ING Group by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 62,657 shares of the financial services provider’s stock valued at $1,227,000 after purchasing an additional 786 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of ING Group by 38.1% in the first quarter. Sequoia Financial Advisors LLC now owns 55,864 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 15,402 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of ING Group by 68.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 47,475 shares of the financial services provider’s stock valued at $931,000 after purchasing an additional 19,332 shares during the period. Finally, Wealthstar Advisors LLC grew its position in shares of ING Group by 152.1% in the first quarter. Wealthstar Advisors LLC now owns 61,010 shares of the financial services provider’s stock valued at $1,195,000 after purchasing an additional 36,807 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Price Performance

Shares of ING stock opened at $23.97 on Monday. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.12 and a quick ratio of 1.12. The firm’s 50-day moving average is $24.75 and its two-hundred day moving average is $22.61. ING Group, N.V. has a 12 month low of $15.09 and a 12 month high of $26.27. The company has a market capitalization of $75.46 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07.

ING Group (NYSE:ING) last issued its 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 company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.40 billion. Analysts predict that ING Group, N.V. will post 2.14 earnings per share for the current year.

ING Group Cuts Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on ING. Barclays upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 15th. Morgan Stanley upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 2nd. Weiss Ratings upgraded shares of ING Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday. Finally, Cfra Research upgraded shares of ING Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 25th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, ING Group presently has a consensus rating of “Buy”.

About ING Group

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.