XY Capital Ltd Has $299,000 Stock Holdings in ING Group, N.V. $ING

XY Capital Ltd decreased its stake in ING Group, N.V. (NYSE:ING) by 70.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,519 shares of the financial services provider’s stock after selling 22,414 shares during the quarter. XY Capital Ltd’s holdings in ING Group were worth $299,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ING. MidFirst Bank purchased a new position in shares of ING Group during the 4th quarter valued at $25,000. Evergreen Advisors LLC purchased a new stake in shares of ING Group during the first quarter worth $28,000. Binnacle Investments Inc boosted its position in ING Group by 57.0% during the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 395 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in ING Group by 359.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,113 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 871 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in ING Group by 418.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,431 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 1,155 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Price Performance

NYSE ING opened at $37.18 on Friday. ING Group, N.V. has a fifty-two week low of $23.63 and a fifty-two week high of $37.29. The stock’s 50-day moving average is $34.11 and its two-hundred day moving average is $30.59. The firm has a market cap of $106.34 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.97 and a beta of 0.84. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.10 and a quick ratio of 1.11.

ING Group (NYSE:ING) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $6.99 billion. ING Group had a return on equity of 12.59% and a net margin of 28.15%. On average, analysts anticipate that ING Group, N.V. will post 2.82 earnings per share for the current fiscal year.

ING Group Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were issued a $0.458 dividend. This represents a yield of 260.0%. The ex-dividend date was Monday, August 10th. ING Group’s payout ratio is 29.10%.

Analyst Upgrades and Downgrades

ING has been the topic of several research reports. Weiss Ratings lowered ING Group from a “buy (a-)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Zacks Research upgraded ING Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Morgan Stanley raised ING Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

ING Group Profile

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.