Natixis Advisors LLC Has $84.64 Million Stock Holdings in ING Group, N.V. $ING

Natixis Advisors LLC lowered its stake in ING Group, N.V. (NYSE:ING) by 26.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,245,447 shares of the financial services provider’s stock after selling 1,182,902 shares during the quarter. Natixis Advisors LLC owned approximately 0.10% of ING Group worth $84,641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Abound Wealth Management grew its stake in ING Group by 2,757.6% in the third quarter. Abound Wealth Management now owns 943 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 910 shares in the last quarter. Salomon & Ludwin LLC increased 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 purchasing an additional 1,196 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of ING Group during the 3rd quarter worth approximately $34,000. Rexford Capital Inc. bought a new stake in shares of ING Group during the 2nd quarter worth approximately $33,000. Finally, Private Trust Co. NA boosted its holdings in shares of ING Group by 210.3% in the 3rd quarter. Private Trust Co. NA now owns 1,626 shares of the financial services provider’s stock valued at $42,000 after buying an additional 1,102 shares during the last quarter. Institutional investors own 4.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ING shares. Keefe, Bruyette & Woods cut shares of ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Jefferies Financial Group started coverage on shares of ING Group in a research report on Tuesday, January 27th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of ING Group from a “hold” rating to a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen upgraded shares of ING Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research report on Monday, December 29th. Two investment 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

ING Group Price Performance

NYSE:ING opened at $26.45 on Monday. The company has a market cap of $76.98 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.86 and a beta of 0.78. The firm’s fifty day moving average price is $28.93 and its two-hundred day moving average price is $26.69. ING Group, N.V. has a one year low of $16.47 and a one year high of $31.17. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11.

ING Group (NYSE:ING) last posted its earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. ING Group had a net margin of 27.50% and a return on equity of 12.05%. The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $6.67 billion. Equities analysts expect 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 issued a dividend of $0.8796 per share. This represents a dividend yield of 589.0%. The ex-dividend date is Friday, April 17th. ING Group’s payout ratio is currently 62.34%.

About ING Group

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.