Acadian Asset Management LLC Makes New $1.02 Million Investment in ING Group, N.V. $ING

Acadian Asset Management LLC bought a new stake in shares of ING Group, N.V. (NYSE:ING) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 51,909 shares of the financial services provider’s stock, valued at approximately $1,016,000.

Other large investors have also recently modified their holdings of the company. Legacy Advisors LLC bought a new position in shares of ING Group during the 1st quarter valued at approximately $28,000. SBI Securities Co. Ltd. grew its position in ING Group by 135.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 912 shares during the last quarter. Olde Wealth Management LLC bought a new position in ING Group in the 1st quarter valued at $55,000. MAI Capital Management grew its position in ING Group by 23.1% in the 1st quarter. MAI Capital Management now owns 4,190 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 785 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its position in ING Group by 21.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,085 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 897 shares during the last quarter. Institutional investors own 4.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays raised ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 15th. Morgan Stanley upgraded ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, ING Group presently has an average rating of “Moderate Buy”.

ING Group Trading Down 0.5%

Shares of NYSE ING opened at $25.31 on Thursday. 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 stock has a market capitalization of $79.66 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. ING Group, N.V. has a 1-year low of $15.09 and a 1-year high of $25.81. The business has a fifty day moving average price of $23.98 and a 200 day moving average price of $21.53.

ING Group (NYSE:ING) last issued 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. ING Group had a return on equity of 11.62% and a net margin of 27.28%.The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Equities research analysts expect that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Cuts Dividend

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

ING Group Company 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.