BTC Capital Management Inc. continued to hold its position in shares of ING Group, N.V. (NYSE:ING) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,680 shares of the financial services provider’s stock at the end of the second quarter. BTC Capital Management Inc.’s holdings in ING Group, N.V. were worth $638,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Trust N.A. raised its position in shares of ING Group, N.V. by 1.3% in the first quarter. Raymond James Trust N.A. now owns 20,568 shares of the financial services provider’s stock valued at $310,000 after buying an additional 269 shares during the last quarter. Creative Planning raised its position in shares of ING Group, N.V. by 17.0% in the first quarter. Creative Planning now owns 20,026 shares of the financial services provider’s stock valued at $302,000 after buying an additional 2,917 shares during the last quarter. Gradient Investments LLC raised its position in shares of ING Group, N.V. by 15,749.5% in the first quarter. Gradient Investments LLC now owns 17,593 shares of the financial services provider’s stock valued at $265,000 after buying an additional 17,482 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of ING Group, N.V. by 2.9% in the first quarter. Capstone Asset Management Co. now owns 333,588 shares of the financial services provider’s stock valued at $5,034,000 after buying an additional 9,370 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of ING Group, N.V. during the first quarter valued at about $208,000. Institutional investors own 2.70% of the company’s stock.

Shares of ING Group, N.V. (ING) opened at 17.92 on Friday. The stock has a market capitalization of $69.60 billion, a P/E ratio of 11.92 and a beta of 1.15. ING Group, N.V. has a 12 month low of $11.70 and a 12 month high of $18.94. The company’s 50-day moving average is $18.04 and its 200 day moving average is $16.22.

ING Group, N.V. (NYSE:ING) last announced its earnings results on Wednesday, May 10th. The financial services provider reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The business had revenue of $4.68 billion during the quarter. ING Group, N.V. had a net margin of 26.05% and a return on equity of 10.85%. Equities research analysts predict that ING Group, N.V. will post $0.90 earnings per share for the current year.

The firm also recently declared a None dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.232 per share. This is a positive change from ING Group, N.V.’s previous None dividend of $0.22. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 3.05%. ING Group, N.V.’s payout ratio is presently 64.34%.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/ing-group-n-v-ing-stake-maintained-by-btc-capital-management-inc/1478237.html.

Several research analysts recently issued reports on ING shares. Jefferies Group LLC started coverage on shares of ING Group, N.V. in a research note on Wednesday, April 19th. They issued a “buy” rating for the company. UBS AG reiterated a “buy” rating on shares of ING Group, N.V. in a research note on Wednesday, April 19th. Deutsche Bank AG reiterated a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, May 2nd. Zacks Investment Research lowered shares of ING Group, N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Finally, HSBC Holdings plc lowered shares of ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research note on Wednesday, May 31st. Five analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. ING Group, N.V. currently has an average rating of “Buy” and a consensus price target of $17.00.

About ING Group, N.V.

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

Want to see what other hedge funds are holding ING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ING Group, N.V. (NYSE:ING).

Institutional Ownership by Quarter for ING Group, N.V. (NYSE:ING)

Receive News & Ratings for ING Group N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Group N.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.