ING Group, N.V. $ING Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC raised its stake in ING Group, N.V. (NYSE:ING) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,648 shares of the financial services provider’s stock after purchasing an additional 2,945 shares during the quarter. Yousif Capital Management LLC’s holdings in ING Group were worth $933,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD acquired a new position in shares of ING Group during the 1st quarter valued at $36,062,000. Millennium Management LLC lifted its holdings in shares of ING Group by 197.6% during the 1st quarter. Millennium Management LLC now owns 1,667,239 shares of the financial services provider’s stock valued at $32,661,000 after acquiring an additional 1,106,926 shares in the last quarter. Natixis Advisors LLC lifted its holdings 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 acquiring an additional 869,281 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of ING Group by 1,434.0% during the 1st quarter. National Bank of Canada FI now owns 405,101 shares of the financial services provider’s stock valued at $7,932,000 after acquiring an additional 378,693 shares in the last quarter. Finally, Curi RMB Capital LLC acquired a new position in shares of ING Group during the 1st quarter valued at $6,833,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ING shares. Morgan Stanley upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 2nd. Barclays upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 15th. Cfra Research upgraded shares of ING Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 25th. Finally, Weiss Ratings lowered shares of ING Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, ING Group has an average rating of “Moderate Buy”.

ING Group Stock Performance

ING Group stock opened at $23.66 on Wednesday. ING Group, N.V. has a 12-month low of $15.09 and a 12-month high of $26.27. The company has a market capitalization of $74.45 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth 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. The firm’s fifty day moving average price is $24.81 and its 200 day moving average price is $22.43.

ING Group (NYSE:ING) last released its earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.40 billion. ING Group had a net margin of 27.28% and a return on equity of 11.62%. On average, research analysts forecast 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. Stockholders of record on Monday, August 11th were given a $0.4002 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a dividend yield of 450.0%. ING Group’s payout ratio is presently 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.