Rehmann Capital Advisory Group Reduces Stake in ING Group, N.V. (ING)

Rehmann Capital Advisory Group decreased its stake in shares of ING Group, N.V. (NYSE:ING) by 98.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,580 shares of the financial services provider’s stock after selling 996,292 shares during the period. Rehmann Capital Advisory Group’s holdings in ING Group, N.V. were worth $288,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in ING. Fisher Asset Management LLC boosted its position in ING Group, N.V. by 1,155.1% in the second quarter. Fisher Asset Management LLC now owns 36,009,342 shares of the financial services provider’s stock valued at $626,202,000 after buying an additional 33,140,211 shares during the last quarter. Bank of America Corp DE boosted its position in ING Group, N.V. by 5.4% in the first quarter. Bank of America Corp DE now owns 8,039,257 shares of the financial services provider’s stock valued at $121,313,000 after buying an additional 410,416 shares during the last quarter. Schafer Cullen Capital Management Inc. boosted its position in ING Group, N.V. by 4.1% in the first quarter. Schafer Cullen Capital Management Inc. now owns 4,084,589 shares of the financial services provider’s stock valued at $61,636,000 after buying an additional 160,328 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in ING Group, N.V. by 10.2% in the first quarter. Parametric Portfolio Associates LLC now owns 2,503,729 shares of the financial services provider’s stock valued at $37,781,000 after buying an additional 232,169 shares during the last quarter. Finally, Todd Asset Management LLC boosted its position in ING Group, N.V. by 6.5% in the first quarter. Todd Asset Management LLC now owns 1,417,802 shares of the financial services provider’s stock valued at $21,394,000 after buying an additional 86,201 shares during the last quarter. 2.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ING Group, N.V. (NYSE ING) traded down 0.11% on Friday, hitting $17.92. 3,373,481 shares of the company’s stock traded hands. The company has a market cap of $69.60 billion, a price-to-earnings ratio of 11.92 and a beta of 1.15. ING Group, N.V. has a 1-year low of $11.70 and a 1-year high of $18.94. The firm’s 50-day moving average price is $18.04 and its 200 day moving average price is $16.22.

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

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

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Several brokerages have recently issued reports on ING. Deutsche Bank AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, June 20th. Zacks Investment Research cut shares of ING Group, N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. 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. 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 Wednesday, April 19th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. 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.

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

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