Aristotle Capital Management LLC Has $138.66 Million Stock Holdings in ING Group, N.V. $ING

Aristotle Capital Management LLC decreased its position in shares of ING Group, N.V. (NYSE:ING) by 18.7% during the 3rd quarter, Holdings Channel reports. The fund owned 5,316,571 shares of the financial services provider’s stock after selling 1,220,712 shares during the quarter. Aristotle Capital Management LLC’s holdings in ING Group were worth $138,657,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ING. Abound Wealth Management increased 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. Binnacle Investments Inc raised its holdings in ING Group by 57.0% in the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 395 shares during the period. Salomon & Ludwin LLC boosted its position in shares of ING Group by 2,440.8% during the third 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 in the last quarter. Rexford Capital Inc. acquired a new position in shares of ING Group in the 2nd quarter valued at $33,000. Finally, Root Financial Partners LLC bought a new stake in shares of ING Group in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Stock Down 2.7%

ING stock opened at $25.53 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $74.31 billion, a P/E ratio of 10.68, a P/E/G ratio of 0.83 and a beta of 0.78. ING Group, N.V. has a fifty-two week low of $16.47 and a fifty-two week high of $31.17. The business has a 50-day moving average of $28.77 and a 200-day moving average of $26.74.

ING Group (NYSE:ING) last announced its earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $6.67 billion. ING Group had a return on equity of 12.05% and a net margin of 27.50%. On average, sell-side analysts anticipate that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be paid a dividend of $0.8796 per share. This represents a dividend yield of 589.0%. The ex-dividend date of this dividend is Friday, April 17th. ING Group’s dividend payout ratio (DPR) is currently 62.34%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised ING Group from a “hold” rating to a “buy” rating in a research note on Monday, February 2nd. Citigroup raised ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research note on Monday, December 29th. Wall Street Zen cut shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research upgraded shares of ING Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

ING Group Company Profile

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.