Capital Management Associates NY maintained its stake in ING Groep NV (NYSE:ING) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,225 shares of the financial services provider’s stock at the end of the second quarter. Capital Management Associates NY’s holdings in ING Groep NV were worth $230,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its stake in ING Groep NV by 1,155.1% in the second quarter. Fisher Asset Management LLC now owns 36,009,342 shares of the financial services provider’s stock valued at $626,202,000 after buying an additional 33,140,211 shares during the period. Karp Capital Management Corp purchased a new stake in ING Groep NV during the first quarter valued at approximately $13,345,000. Bank of America Corp DE raised its stake in ING Groep NV by 5.4% in the first quarter. Bank of America Corp DE now owns 8,039,257 shares of the financial services provider’s stock valued at $121,313,000 after buying an additional 410,416 shares during the period. Duff & Phelps Investment Management Co. purchased a new stake in ING Groep NV during the first quarter valued at approximately $6,063,000. Finally, Bridges Investment Counsel Inc. raised its stake in ING Groep NV by 189.0% in the second quarter. Bridges Investment Counsel Inc. now owns 578,070 shares of the financial services provider’s stock valued at $10,053,000 after buying an additional 378,070 shares during the period. Hedge funds and other institutional investors own 2.67% of the company’s stock.
ING Groep NV (NYSE ING) opened at 18.16 on Thursday. The stock has a market capitalization of $70.53 billion, a price-to-earnings ratio of 12.08 and a beta of 1.15. ING Groep NV has a 1-year low of $11.71 and a 1-year high of $18.94. The company has a 50-day moving average of $18.15 and a 200-day moving average of $16.31.
The company also recently disclosed a None dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 14th will be paid a $0.232 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from ING Groep NV’s previous None dividend of $0.22. This represents a dividend yield of 3.05%. ING Groep NV’s dividend payout ratio is 47.29%.
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ING has been the subject of several analyst reports. Deutsche Bank AG reiterated a “buy” rating on shares of ING Groep NV in a research note on Tuesday, May 2nd. Zacks Investment Research lowered shares of ING Groep NV from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Jefferies Group LLC initiated coverage on shares of ING Groep NV in a research note on Wednesday, April 19th. They set a “buy” rating for the company. HSBC Holdings plc lowered shares of ING Groep NV from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research note on Wednesday, May 31st. Finally, ValuEngine upgraded shares of ING Groep NV from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. ING Groep NV has a consensus rating of “Buy” and an average target price of $17.00.
ING Groep NV Company Profile
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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