Letko Brosseau & Associates Inc. reduced its position in ING Group, N.V. (NYSE:ING) by 4.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 244,493 shares of the financial services provider’s stock after selling 11,516 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in ING Group, N.V. were worth $4,252,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Wedbush Securities Inc. increased its stake in ING Group, N.V. by 0.7% in the 2nd quarter. Wedbush Securities Inc. now owns 17,586 shares of the financial services provider’s stock valued at $306,000 after buying an additional 117 shares during the period. Financial Counselors Inc. increased its stake in ING Group, N.V. by 1.5% in the 1st quarter. Financial Counselors Inc. now owns 21,754 shares of the financial services provider’s stock valued at $328,000 after buying an additional 312 shares during the period. Pinnacle Associates Ltd. increased its stake in ING Group, N.V. by 1.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 46,656 shares of the financial services provider’s stock valued at $811,000 after buying an additional 500 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in ING Group, N.V. by 3.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,865 shares of the financial services provider’s stock valued at $239,000 after buying an additional 508 shares during the period. Finally, First Trust Advisors LP increased its stake in ING Group, N.V. by 1.8% in the 2nd quarter. First Trust Advisors LP now owns 48,455 shares of the financial services provider’s stock valued at $843,000 after buying an additional 877 shares during the period. 2.86% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently weighed in on ING shares. HSBC Holdings plc cut shares of ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research note on Wednesday, May 31st. ValuEngine raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. Deutsche Bank AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, June 20th. BidaskClub raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, UBS AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, September 5th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $17.00.

ING Group, N.V. (NYSE ING) traded down 0.467% during trading on Friday, hitting $18.115. 790,673 shares of the stock were exchanged. The stock’s 50 day moving average is $18.11 and its 200-day moving average is $16.78. The company has a market cap of $70.36 billion, a price-to-earnings ratio of 11.894 and a beta of 1.14. ING Group, N.V. has a one year low of $11.76 and a one year high of $18.94.

The firm also recently declared a None dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were issued a dividend of $0.232 per share. This represents a dividend yield of 3.05%. This is a positive change from ING Group, N.V.’s previous None dividend of $0.22. The ex-dividend date of this dividend was Thursday, August 10th. ING Group, N.V.’s dividend payout ratio (DPR) is 47.29%.

ING Group, N.V. 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.

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

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