Savant Capital LLC Has $1.27 Million Stock Holdings in ING Group, N.V. $ING

Savant Capital LLC grew its stake in shares of ING Group, N.V. (NYSE:ING) by 117.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 48,565 shares of the financial services provider’s stock after acquiring an additional 26,183 shares during the quarter. Savant Capital LLC’s holdings in ING Group were worth $1,267,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Abound Wealth Management grew its stake in ING Group by 2,757.6% during 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 boosted its position 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 worth $32,000 after acquiring an additional 1,196 shares in the last quarter. Rexford Capital Inc. acquired a new stake in shares of ING Group during the 2nd quarter worth approximately $33,000. Root Financial Partners LLC bought a new position in ING Group in the third quarter valued at approximately $34,000. Finally, Private Trust Co. NA raised its position 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. Institutional investors own 4.49% of the company’s stock.

ING Group Price Performance

Shares of NYSE:ING opened at $30.71 on Tuesday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11. ING Group, N.V. has a 52 week low of $16.26 and a 52 week high of $31.17. The firm has a market cap of $89.38 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.46 and a beta of 0.80. The firm’s fifty day moving average is $28.42 and its 200-day moving average is $26.06.

ING Group (NYSE:ING) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $6.67 billion. ING Group had a return on equity of 12.26% and a net margin of 27.50%. Sell-side analysts predict that ING Group, N.V. will post 2.14 earnings per share for the current year.

ING Group Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be paid a $0.8796 dividend. This represents a dividend yield of 589.0%. The ex-dividend date of this dividend is Friday, April 17th. ING Group’s dividend payout ratio is currently 28.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ING shares. Deutsche Bank Aktiengesellschaft upgraded ING Group from a “hold” rating to a “buy” rating in a research note on Monday, February 2nd. Zacks Research raised ING Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a report on Monday, December 29th. Citigroup raised shares of ING Group to a “strong-buy” rating in a report on Friday, November 21st. Finally, Keefe, Bruyette & Woods downgraded shares of ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

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.