ING Group, N.V. $ING Shares Sold by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC lessened its position in shares of ING Group, N.V. (NYSE:ING) by 15.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 110,160 shares of the financial services provider’s stock after selling 19,435 shares during the quarter. ING Group makes up about 0.8% of Integrated Quantitative Investments LLC’s holdings, making the stock its 11th largest position. Integrated Quantitative Investments LLC’s holdings in ING Group were worth $2,873,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Abound Wealth Management raised its position in ING Group by 2,757.6% during the third quarter. Abound Wealth Management now owns 943 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 910 shares during the last quarter. Salomon & Ludwin LLC raised 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. Rexford Capital Inc. acquired a new stake in shares of ING Group during the 2nd quarter worth about $33,000. Root Financial Partners LLC purchased a new stake in ING Group in the 3rd quarter valued at about $34,000. Finally, Private Trust Co. NA increased its stake in shares of ING Group by 210.3% during the 3rd quarter. Private Trust Co. NA now owns 1,626 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 1,102 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ING has been the topic of several research analyst reports. Jefferies Financial Group began coverage on ING Group in a research note on Tuesday, January 27th. They issued a “hold” rating on the stock. Zacks Research raised shares of ING Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Wall Street Zen upgraded ING Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Keefe, Bruyette & Woods cut ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of ING Group from a “hold” rating to a “buy” rating in a research note on Monday, February 2nd. Two research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

ING Group Stock Up 1.6%

Shares of NYSE:ING opened at $27.27 on Thursday. The company’s fifty day moving average is $29.00 and its two-hundred day moving average is $26.65. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.11 and a current ratio of 1.11. ING Group, N.V. has a 1-year low of $16.47 and a 1-year high of $31.17. The stock has a market capitalization of $79.36 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.88 and a beta of 0.78.

ING Group (NYSE:ING) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. ING Group had a net margin of 27.50% and a return on equity of 12.05%. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $6.67 billion. Equities analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be issued a $0.8796 dividend. 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 28.87%.

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.