Dynasty Wealth Management LLC Invests $779,000 in ING Group, N.V. $ING

Dynasty Wealth Management LLC purchased a new stake in shares of ING Group, N.V. (NYSE:ING) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 29,877 shares of the financial services provider’s stock, valued at approximately $779,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital Fund Management S.A. lifted its holdings in ING Group by 14.7% during the 2nd quarter. Capital Fund Management S.A. now owns 612,511 shares of the financial services provider’s stock worth $13,396,000 after buying an additional 78,622 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of ING Group by 64.7% during the second quarter. Bank of New York Mellon Corp now owns 467,898 shares of the financial services provider’s stock worth $10,233,000 after acquiring an additional 183,891 shares during the period. Logan Capital Management Inc. raised its stake in shares of ING Group by 11.0% in the second quarter. Logan Capital Management Inc. now owns 220,820 shares of the financial services provider’s stock valued at $4,829,000 after acquiring an additional 21,853 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in ING Group by 25.2% in the second quarter. JPMorgan Chase & Co. now owns 1,314,705 shares of the financial services provider’s stock valued at $28,753,000 after purchasing an additional 264,858 shares during the period. Finally, US Bancorp DE boosted its holdings in ING Group by 45.5% in the second quarter. US Bancorp DE now owns 279,638 shares of the financial services provider’s stock valued at $6,116,000 after purchasing an additional 87,464 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ING shares. Citigroup raised ING Group to a “strong-buy” rating in a research report on Friday, November 21st. Cfra Research raised shares of ING Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 25th. Keefe, Bruyette & Woods cut shares of ING Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

ING Group Stock Down 2.8%

Shares of NYSE:ING opened at $28.23 on Wednesday. The company has a market capitalization of $82.16 billion, a PE ratio of 12.72, a P/E/G ratio of 1.89 and a beta of 0.82. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.99. ING Group, N.V. has a twelve month low of $16.04 and a twelve month high of $29.21. The firm has a 50 day simple moving average of $27.24 and a 200-day simple moving average of $25.39.

ING Group (NYSE:ING) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.06. ING Group had a net margin of 26.94% and a return on equity of 11.57%. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $5.35 billion. On average, equities analysts predict that ING Group, N.V. will post 2.14 EPS 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. The ex-dividend date is Thursday, January 8th. This represents a dividend yield of 71.0%. ING Group’s payout ratio is 31.08%.

ING Group Company 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.