Caprock Group LLC Makes New Investment in ING Group, N.V. $ING

Caprock Group LLC acquired a new stake in shares of ING Group, N.V. (NYSE:ING) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 66,024 shares of the financial services provider’s stock, valued at approximately $1,573,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in ING Group by 0.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 63,613 shares of the financial services provider’s stock valued at $1,659,000 after acquiring an additional 397 shares in the last quarter. ABC Arbitrage SA raised its stake in shares of ING Group by 280.3% in the third quarter. ABC Arbitrage SA now owns 900,936 shares of the financial services provider’s stock worth $23,496,000 after purchasing an additional 664,063 shares during the last quarter. Wealthstream Advisors Inc. bought a new position in shares of ING Group in the third quarter valued at approximately $262,000. Prospera Financial Services Inc boosted its position in shares of ING Group by 3.6% during the third quarter. Prospera Financial Services Inc now owns 14,703 shares of the financial services provider’s stock valued at $384,000 after buying an additional 516 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in ING Group during the third quarter worth $223,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ING. Citigroup upgraded ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Deutsche Bank Aktiengesellschaft raised shares of ING Group from a “hold” rating to a “buy” rating in a research report on Monday, February 2nd. Wall Street Zen raised shares of ING Group from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a research note on Monday, December 29th. Finally, Zacks Research upgraded ING Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

ING Group Stock Performance

Shares of ING stock opened at $28.31 on Friday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $82.38 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 0.94 and a beta of 0.80. ING Group, N.V. has a 52 week low of $16.47 and a 52 week high of $31.17. The firm’s 50-day simple moving average is $28.68 and its two-hundred day simple moving average is $26.19.

ING Group (NYSE:ING) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. ING Group had a net margin of 27.50% and a return on equity of 12.26%. The company had revenue of $4.61 billion during the quarter, compared to analyst estimates of $6.67 billion. As a group, equities analysts forecast that ING Group, N.V. will post 2.14 earnings per share for the current year.

ING Group Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be given a dividend of $0.8796 per share. This represents a dividend yield of 589.0%. The ex-dividend date of this dividend is Friday, April 17th. ING Group’s dividend payout ratio is currently 28.87%.

About ING Group

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.