Smithfield Trust Co. lowered its stake in shares of ING Group, N.V. (NYSE:ING) by 12.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,799 shares of the financial services provider’s stock after selling 948 shares during the period. Smithfield Trust Co.’s holdings in ING Group, N.V. were worth $118,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its stake in shares of ING Group, N.V. by 12.3% in the second quarter. Janney Montgomery Scott LLC now owns 54,226 shares of the financial services provider’s stock valued at $943,000 after buying an additional 5,935 shares in the last quarter. NGAM Advisors L.P. boosted its stake in shares of ING Group, N.V. by 1.9% in the second quarter. NGAM Advisors L.P. now owns 694,148 shares of the financial services provider’s stock valued at $12,072,000 after buying an additional 12,955 shares in the last quarter. Lincluden Management Ltd. boosted its stake in shares of ING Group, N.V. by 8.6% in the second quarter. Lincluden Management Ltd. now owns 314,530 shares of the financial services provider’s stock valued at $5,470,000 after buying an additional 24,785 shares in the last quarter. Bridges Investment Counsel Inc. boosted its stake in shares of ING Group, N.V. by 189.0% in the second quarter. Bridges Investment Counsel Inc. now owns 578,070 shares of the financial services provider’s stock valued at $10,053,000 after buying an additional 378,070 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of ING Group, N.V. by 85.1% in the second quarter. US Bancorp DE now owns 124,497 shares of the financial services provider’s stock valued at $2,165,000 after buying an additional 57,244 shares in the last quarter. Hedge funds and other institutional investors own 2.70% of the company’s stock.

Shares of ING Group, N.V. (ING) opened at 18.61 on Thursday. ING Group, N.V. has a 52-week low of $11.70 and a 52-week high of $18.94. The stock has a market capitalization of $71.77 billion, a price-to-earnings ratio of 12.37 and a beta of 1.15. The company has a 50-day moving average of $17.97 and a 200-day moving average of $16.18.

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

The company also recently announced a None dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 14th will be paid a dividend of $0.232 per share. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from ING Group, N.V.’s previous None dividend of $0.22. This represents a yield of 3.05%. ING Group, N.V.’s payout ratio is 45.74%.

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Several brokerages have recently issued reports on ING. BidaskClub upgraded shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Deutsche Bank AG restated a “buy” rating on shares of ING Group, N.V. in a research report on Tuesday, June 20th. ValuEngine upgraded shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. HSBC Holdings plc cut shares of ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research report on Wednesday, May 31st. Finally, Zacks Investment Research raised shares of ING Group, N.V. from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research report on Tuesday, May 9th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.00.

ING Group, N.V. Company Profile

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.

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

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