ING Group, N.V. $ING Shares Sold by Capital Investment Counsel LLC

Capital Investment Counsel LLC cut its stake in shares of ING Group, N.V. (NYSE:ING) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 291,310 shares of the financial services provider’s stock after selling 9,919 shares during the quarter. Capital Investment Counsel LLC’s holdings in ING Group were worth $6,371,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ING. Price T Rowe Associates Inc. MD bought a new position in shares of ING Group during the first quarter valued at approximately $36,062,000. Millennium Management LLC grew its holdings in shares of ING Group by 197.6% during the first quarter. Millennium Management LLC now owns 1,667,239 shares of the financial services provider’s stock valued at $32,661,000 after purchasing an additional 1,106,926 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of ING Group by 25.7% during the first quarter. Natixis Advisors LLC now owns 4,250,850 shares of the financial services provider’s stock valued at $83,274,000 after purchasing an additional 869,281 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of ING Group by 1,434.0% during the first quarter. National Bank of Canada FI now owns 405,101 shares of the financial services provider’s stock valued at $7,932,000 after purchasing an additional 378,693 shares during the last quarter. Finally, Curi RMB Capital LLC bought a new position in shares of ING Group during the first quarter valued at approximately $6,833,000. 4.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on ING shares. Weiss Ratings raised ING Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday. Morgan Stanley raised ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 2nd. Barclays raised ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 15th. Finally, Cfra Research raised ING Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 25th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

ING Group Stock Performance

Shares of ING stock opened at $24.28 on Tuesday. ING Group, N.V. has a 12-month low of $15.09 and a 12-month high of $26.27. The firm has a market capitalization of $76.42 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The business has a 50 day simple moving average of $24.75 and a 200 day simple moving average of $22.65. 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 released its earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.40 billion. ING Group had a return on equity of 11.62% and a net margin of 27.28%. On average, equities research analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 11th were given a $0.4002 dividend. This represents a yield of 450.0%. The ex-dividend date was Monday, August 11th. ING Group’s dividend payout ratio is 31.80%.

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.