Savant Capital LLC Acquires 26,183 Shares of ING Group, N.V. $ING

Savant Capital LLC grew its holdings in ING Group, N.V. (NYSE:ING) by 117.0% during the third quarter, Holdings Channel reports. The firm owned 48,565 shares of the financial services provider’s stock after acquiring an additional 26,183 shares during the quarter. Savant Capital LLC’s holdings in ING Group were worth $1,267,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ING. Abound Wealth Management lifted its stake in ING Group by 2,757.6% in the third quarter. Abound Wealth Management now owns 943 shares of the financial services provider’s stock valued at $25,000 after buying an additional 910 shares during the period. Salomon & Ludwin LLC grew its position in shares of 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 buying an additional 1,196 shares during the period. Rexford Capital Inc. bought a new stake in shares of ING Group in the 2nd quarter valued at $33,000. Root Financial Partners LLC acquired a new position in shares of ING Group during the 3rd quarter valued at $34,000. Finally, Private Trust Co. NA boosted its stake in ING Group by 210.3% during the third quarter. Private Trust Co. NA now owns 1,626 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 1,102 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

Analysts Set New Price Targets

ING has been the subject of several research analyst reports. Keefe, Bruyette & Woods downgraded shares of ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Zacks Research upgraded ING Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised ING Group from a “hold” rating to a “buy” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research note on Monday, December 29th. Finally, Jefferies Financial Group started coverage on ING Group in a report on Tuesday, January 27th. They set a “hold” rating for the company. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

ING Group Price Performance

Shares of NYSE:ING opened at $30.71 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.99. The stock has a market cap of $89.38 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.46 and a beta of 0.80. The stock’s fifty day simple moving average is $28.42 and its two-hundred day simple moving average is $26.06. ING Group, N.V. has a 1-year low of $16.26 and a 1-year high of $31.17.

ING Group (NYSE:ING) last posted its earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The firm had revenue of $4.61 billion during the quarter, compared to analyst estimates of $6.67 billion. ING Group had a net margin of 27.50% and a return on equity of 12.26%. As a group, analysts forecast that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 17th will be paid a $0.8796 dividend. The ex-dividend date 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.