Jacobi Capital Management LLC lifted its stake in ING Group, N.V. (NYSE:ING) by 21.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,093 shares of the financial services provider’s stock after purchasing an additional 2,491 shares during the quarter. Jacobi Capital Management LLC’s holdings in ING Group, N.V. were worth $252,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of ING. NEXT Financial Group Inc grew its stake in shares of ING Group, N.V. by 179.1% during the 1st quarter. NEXT Financial Group Inc now owns 8,618 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 5,530 shares during the period. Assetmark Inc. grew its stake in shares of ING Group, N.V. by 8.5% during the 1st quarter. Assetmark Inc. now owns 9,524 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 747 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of ING Group, N.V. during the 1st quarter worth approximately $166,000. MAI Capital Management acquired a new stake in shares of ING Group, N.V. during the 2nd quarter worth approximately $178,000. Finally, Eqis Capital Management Inc. grew its stake in shares of ING Group, N.V. by 34.8% during the 1st quarter. Eqis Capital Management Inc. now owns 13,715 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 3,544 shares during the period. 2.86% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the stock. UBS AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, September 5th. HSBC Holdings plc lowered ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a report on Wednesday, May 31st. BidaskClub upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. ValuEngine upgraded shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of ING Group, N.V. from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $17.00.
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Shares of ING Group, N.V. (ING) traded down 0.357% during mid-day trading on Friday, reaching $18.135. 1,450,603 shares of the company’s stock were exchanged. The stock has a market cap of $70.44 billion, a price-to-earnings ratio of 11.907 and a beta of 1.14. The stock has a 50 day moving average price of $18.11 and a 200 day moving average price of $16.78. ING Group, N.V. has a 52 week low of $11.76 and a 52 week high of $18.94.
The company also recently declared a None dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were issued a $0.232 dividend. This is a boost from ING Group, N.V.’s previous None dividend of $0.22. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 3.05%. ING Group, N.V.’s dividend payout ratio is 47.29%.
About ING Group, N.V.
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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