Exencial Wealth Advisors LLC Acquires 27,719 Shares of ING Group, N.V. $ING

Exencial Wealth Advisors LLC increased its stake in ING Group, N.V. (NYSE:ING) by 57.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,764 shares of the financial services provider’s stock after purchasing an additional 27,719 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in ING Group were worth $1,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Abound Wealth Management increased its position in ING Group by 2,757.6% in the third quarter. Abound Wealth Management now owns 943 shares of the financial services provider’s stock worth $25,000 after buying an additional 910 shares in the last quarter. Salomon & Ludwin LLC grew its stake in shares of ING Group by 2,440.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,245 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,196 shares during the period. Rexford Capital Inc. purchased a new stake in ING Group in the 2nd quarter worth approximately $33,000. V Square Quantitative Management LLC bought a new stake in ING Group during the 2nd quarter worth approximately $37,000. Finally, Private Trust Co. NA lifted its holdings in ING Group by 210.3% during the third quarter. Private Trust Co. NA now owns 1,626 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,102 shares in the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Group Stock Up 0.5%

ING opened at $29.18 on Thursday. The company has a market capitalization of $84.91 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.88 and a beta of 0.82. The firm has a 50-day simple moving average of $27.01 and a two-hundred day simple moving average of $25.18. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.99. ING Group, N.V. has a 52 week low of $16.04 and a 52 week high of $29.21.

ING Group (NYSE:ING) last posted its earnings results on Thursday, October 30th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. ING Group had a return on equity of 11.57% and a net margin of 26.94%.The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $5.35 billion. Analysts forecast that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Announces Dividend

The company also recently announced an annual dividend, which will be paid on Friday, January 23rd. Stockholders of record on Thursday, January 8th will be given a dividend of $0.2009 per share. This represents a dividend yield of 71.0%. The ex-dividend date is Thursday, January 8th. ING Group’s dividend payout ratio is currently 31.08%.

Wall Street Analysts Forecast Growth

ING has been the subject of a number of analyst reports. Cfra Research raised shares of ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. Citigroup upgraded ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Weiss Ratings restated a “buy (b)” rating on shares of ING Group in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods lowered ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

ING Group Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.