ExodusPoint Capital Management LP Purchases Shares of 33,784 ING Groep (NYSE:ING)


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ExodusPoint Capital Management LP purchased a new stake in ING Groep (NYSE:ING) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,784 shares of the financial services provider’s stock, valued at approximately $319,000.

Other large investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC bought a new position in shares of ING Groep in the fourth quarter valued at approximately $29,000. Bartlett & Co. LLC purchased a new stake in ING Groep in the 4th quarter worth approximately $36,000. Veriti Management LLC purchased a new stake in ING Groep in the 4th quarter worth approximately $37,000. Bessemer Group Inc. purchased a new stake in ING Groep in the 4th quarter worth approximately $41,000. Finally, Fieldpoint Private Securities LLC purchased a new stake in ING Groep in the 4th quarter worth approximately $42,000. Institutional investors own 3.27% of the company’s stock.

NYSE:ING opened at $12.50 on Thursday. ING Groep has a 1 year low of $4.88 and a 1 year high of $12.76. The firm’s fifty day simple moving average is $11.78 and its 200 day simple moving average is $9.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $48.71 billion, a PE ratio of 16.23 and a beta of 1.91.

ING Groep (NYSE:ING) last posted its earnings results on Friday, February 12th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. ING Groep had a net margin of 14.79% and a return on equity of 4.92%. The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.96 billion. As a group, analysts anticipate that ING Groep will post 0.72 EPS for the current fiscal year.

The business also recently declared a semi-annual dividend, which was paid on Wednesday, March 3rd. Shareholders of record on Wednesday, February 24th were given a $0.1236 dividend. The ex-dividend date was Tuesday, February 23rd. ING Groep’s dividend payout ratio is 8.70%.

A number of research firms have recently weighed in on ING. Morgan Stanley restated an “overweight” rating on shares of ING Groep in a report on Tuesday, March 23rd. Berenberg Bank restated a “buy” rating on shares of ING Groep in a report on Monday, March 1st. Jefferies Financial Group restated a “buy” rating on shares of ING Groep in a report on Wednesday, December 16th. AlphaValue upgraded shares of ING Groep to a “sell” rating in a report on Friday, February 19th. Finally, UBS Group restated a “buy” rating on shares of ING Groep in a report on Monday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $9.50.

ING Groep Company Profile

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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