ING Group, N.V. $ING Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC trimmed its holdings in ING Group, N.V. (NYSE:ING) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220,316 shares of the financial services provider’s stock after selling 21,923 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in ING Group were worth $5,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Abound Wealth Management boosted its stake in ING Group by 2,757.6% during the 3rd quarter. Abound Wealth Management now owns 943 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 910 shares during the period. Salomon & Ludwin LLC grew its position in 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. Root Financial Partners LLC acquired a new position in ING Group in the third quarter valued at $34,000. Rexford Capital Inc. acquired a new position in ING Group in the second quarter valued at $33,000. Finally, Private Trust Co. NA raised its holdings in shares of ING Group by 210.3% in the third quarter. Private Trust Co. NA now owns 1,626 shares of the financial services provider’s stock valued at $42,000 after buying an additional 1,102 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Analyst Ratings Changes

ING has been the subject of several recent research reports. Jefferies Financial Group began coverage on shares of ING Group in a research note on Tuesday, January 27th. They set a “hold” rating for the company. Zacks Research upgraded ING Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research note on Monday, December 29th. Wall Street Zen raised ING Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Citigroup upgraded ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

ING Group Price Performance

Shares of NYSE ING opened at $26.45 on Friday. 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 one year low of $16.47 and a one year high of $31.17. The firm has a market capitalization of $76.98 billion, a P/E ratio of 11.07, a PEG ratio of 0.86 and a beta of 0.78. The company’s fifty day moving average is $28.93 and its two-hundred day moving average is $26.68.

ING Group (NYSE:ING) last announced its quarterly 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. ING Group had a net margin of 27.50% and a return on equity of 12.05%. The business had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $6.67 billion. Analysts forecast that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 17th will be issued a $0.8796 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a yield of 589.0%. 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.