ING Group, N.V. $ING Stock Holdings Raised by Yousif Capital Management LLC

Yousif Capital Management LLC raised its stake in ING Group, N.V. (NYSE:ING) by 7.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 42,648 shares of the financial services provider’s stock after purchasing an additional 2,945 shares during the period. Yousif Capital Management LLC’s holdings in ING Group were worth $933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in shares of ING Group by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,894,501 shares of the financial services provider’s stock valued at $154,653,000 after buying an additional 185,506 shares during the last quarter. Northern Trust Corp grew its position in shares of ING Group by 4.4% during the 1st quarter. Northern Trust Corp now owns 4,342,916 shares of the financial services provider’s stock valued at $85,078,000 after buying an additional 181,800 shares during the last quarter. Natixis Advisors LLC grew its position in shares of ING Group by 25.7% during the 1st quarter. Natixis Advisors LLC now owns 4,250,850 shares of the financial services provider’s stock valued at $83,274,000 after buying an additional 869,281 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of ING Group during the 1st quarter valued at about $36,062,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of ING Group by 0.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,780,630 shares of the financial services provider’s stock valued at $34,882,000 after buying an additional 6,200 shares during the last quarter. Institutional investors own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

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

ING Group Trading Down 1.4%

ING Group stock opened at $23.66 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.83. The firm has a 50-day moving average price of $24.81 and a two-hundred day moving average price of $22.43. The firm has a market capitalization of $74.45 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.73 and a beta of 1.07. ING Group, N.V. has a 52-week low of $15.09 and a 52-week high of $26.27.

ING Group (NYSE:ING) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.40 billion. ING Group had a net margin of 27.28% and a return on equity of 11.62%. Sell-side analysts expect that ING Group, N.V. will post 2.14 earnings per share for the current year.

ING Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 11th were paid a $0.4002 dividend. 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 currently 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.