Whipplewood Advisors LLC Boosts Stake in ING Group, N.V. $ING

Whipplewood Advisors LLC grew its stake in ING Group, N.V. (NYSE:ING) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,558 shares of the financial services provider’s stock after buying an additional 539 shares during the period. Whipplewood Advisors LLC’s holdings in ING Group were worth $78,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. raised its holdings in shares of ING Group by 135.3% in the first quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider’s stock worth $31,000 after buying an additional 912 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of ING Group in the second quarter worth $37,000. Maseco LLP purchased a new position in shares of ING Group in the second quarter worth $48,000. Olde Wealth Management LLC purchased a new position in shares of ING Group in the first quarter worth $55,000. Finally, Hilltop National Bank purchased a new position in shares of ING Group in the second quarter worth $85,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Analysts Set New Price Targets

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

ING Group Stock Up 0.5%

ING stock opened at $23.97 on Monday. The firm has a market cap of $75.46 billion, a PE ratio of 11.05, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s fifty day moving average is $24.75 and its 200 day moving average is $22.61. ING Group, N.V. has a one year low of $15.09 and a one year high of $26.27.

ING Group (NYSE:ING) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.40 billion. ING Group had a net margin of 27.28% and a return on equity of 11.62%. On average, research analysts forecast that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were given a dividend of $0.4002 per share. This represents a yield of 450.0%. The ex-dividend date was Monday, August 11th. ING Group’s dividend payout ratio (DPR) is currently 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.