Farther Finance Advisors LLC Increases Stake in ING Group, N.V. $ING

Farther Finance Advisors LLC increased its stake in ING Group, N.V. (NYSE:ING) by 15.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,893 shares of the financial services provider’s stock after buying an additional 2,268 shares during the period. Farther Finance Advisors LLC’s holdings in ING Group were worth $369,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of ING Group by 129.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 166,677 shares of the financial services provider’s stock valued at $2,612,000 after purchasing an additional 94,080 shares during the period. GAMMA Investing LLC raised its holdings in ING Group by 2,660.0% in the first quarter. GAMMA Investing LLC now owns 189,670 shares of the financial services provider’s stock worth $37,160,000 after purchasing an additional 182,798 shares in the last quarter. Parallel Advisors LLC raised its holdings in ING Group by 7.4% in the first quarter. Parallel Advisors LLC now owns 20,339 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 1,400 shares in the last quarter. Rhumbline Advisers lifted its position in ING Group by 4.6% during the first quarter. Rhumbline Advisers now owns 77,975 shares of the financial services provider’s stock valued at $1,528,000 after buying an additional 3,421 shares during the period. Finally, Merit Financial Group LLC bought a new stake in shares of ING Group during the 1st quarter valued at $423,000. 4.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ING has been the topic of a number of recent research reports. 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 upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a 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 note on Thursday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

ING Group Price Performance

Shares of NYSE:ING opened at $25.98 on Monday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $81.77 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The business has a 50-day simple moving average of $24.39 and a two-hundred day simple moving average of $21.85. ING Group, N.V. has a fifty-two week low of $15.09 and a fifty-two week high of $26.02.

ING Group (NYSE:ING) last announced its quarterly 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. 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%. On average, 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 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 was Monday, August 11th. This represents a yield of 450.0%. ING Group’s 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.