Bartlett & CO. Wealth Management LLC Has $87,000 Position in ING Group, N.V. $ING

Bartlett & CO. Wealth Management LLC boosted its stake in ING Group, N.V. (NYSE:ING) by 14.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,000 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in ING Group were worth $87,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ING. HB Wealth Management LLC grew its position in shares of ING Group by 23.2% in the second quarter. HB Wealth Management LLC now owns 18,817 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 3,548 shares during the last quarter. GC Wealth Management RIA LLC boosted its stake in ING Group by 9.4% in the 2nd quarter. GC Wealth Management RIA LLC now owns 21,302 shares of the financial services provider’s stock valued at $466,000 after purchasing an additional 1,828 shares during the period. V Square Quantitative Management LLC acquired a new position in ING Group in the 2nd quarter valued at $37,000. Signaturefd LLC increased its position in ING Group by 1.5% during the 2nd quarter. Signaturefd LLC now owns 126,703 shares of the financial services provider’s stock worth $2,771,000 after buying an additional 1,921 shares during the period. Finally, Eagle Global Advisors LLC lifted its holdings in shares of ING Group by 0.8% during the second quarter. Eagle Global Advisors LLC now owns 179,056 shares of the financial services provider’s stock worth $3,916,000 after buying an additional 1,420 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Stock Performance

Shares of NYSE:ING opened at $25.78 on Friday. The company’s 50 day simple moving average is $24.60 and its 200 day simple moving average is $21.99. 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, N.V. has a 1 year low of $15.09 and a 1 year high of $26.27. The stock has a market capitalization of $81.12 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07.

ING Group (NYSE:ING) last issued its earnings results on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate 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%. As a group, research analysts predict that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on ING shares. Cfra Research upgraded shares of ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. Morgan Stanley upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Barclays raised shares of ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

About ING Group

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.