Ameritas Advisory Services LLC Takes $98,000 Position in ING Group, N.V. $ING

Ameritas Advisory Services LLC bought a new stake in shares of ING Group, N.V. (NYSE:ING) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,469 shares of the financial services provider’s stock, valued at approximately $98,000.

Several other hedge funds also recently bought and sold shares of ING. Legacy Advisors LLC bought a new position in ING Group in the 1st quarter valued at $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. V Square Quantitative Management LLC bought a new position in ING Group in the 2nd quarter valued at $37,000. Maseco LLP bought a new position in ING Group in the 2nd quarter valued at $48,000. Finally, Olde Wealth Management LLC bought a new position in ING Group in the 1st quarter valued at $55,000. Institutional investors own 4.49% of the company’s stock.

ING Group Trading Down 0.1%

Shares of NYSE:ING opened at $24.01 on Friday. The business’s 50-day moving average is $24.76 and its 200 day moving average is $22.17. ING Group, N.V. has a 1 year low of $15.09 and a 1 year high of $26.27. The firm has a market capitalization of $75.56 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.73 and a beta of 1.07. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.12 and a quick ratio of 1.12.

ING Group (NYSE:ING) last announced its earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. ING Group had a return on equity of 11.62% and a net margin of 27.28%.The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.40 billion. On average, research analysts predict that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were given 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 is currently 31.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ING shares. Morgan Stanley raised ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 2nd. Barclays raised ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 15th. Cfra Research raised ING Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 25th. Finally, Weiss Ratings cut ING Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

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.