ING Group, N.V. $ING Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in ING Group, N.V. (NYSE:ING) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,028 shares of the financial services provider’s stock after selling 16,603 shares during the quarter. First Trust Advisors LP’s holdings in ING Group were worth $7,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its stake in shares of ING Group by 4.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,734 shares of the financial services provider’s stock worth $245,000 after buying an additional 361 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in shares of ING Group by 1.6% in the fourth quarter. Aprio Wealth Management LLC now owns 23,240 shares of the financial services provider’s stock valued at $651,000 after buying an additional 370 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of ING Group by 0.4% in the fourth quarter. Quadrant Capital Group LLC now owns 106,170 shares of the financial services provider’s stock valued at $2,973,000 after buying an additional 374 shares in the last quarter. Binnacle Investments Inc grew its holdings in ING Group by 57.0% during the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 395 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in ING Group by 10.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,470 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 423 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Price Performance

ING stock opened at $34.98 on Friday. The firm has a 50 day moving average of $31.67 and a 200-day moving average of $29.53. ING Group, N.V. has a 12-month low of $22.53 and a 12-month high of $35.06. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The company has a market cap of $100.03 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.87 and a beta of 0.85.

ING Group (NYSE:ING) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $6.99 billion. ING Group had a return on equity of 12.84% and a net margin of 28.15%. As a group, equities analysts expect that ING Group, N.V. will post 2.84 EPS for the current fiscal year.

ING Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 10th will be issued a dividend of $0.458 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a yield of 262.0%. ING Group’s payout ratio is currently 57.71%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ING. Zacks Research upgraded ING Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of ING Group from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Key Headlines Impacting ING Group

Here are the key news stories impacting ING Group this week:

• Positive Sentiment: Quarterly profit beat expectations. ING reported a second-quarter net result of €1.947 billion and EPS of $0.79, exceeding the $0.75 consensus estimate. The bank also cited accelerated growth in its customer base and customer balances. ING second-quarter results
• Positive Sentiment: ING raised its outlook for 2026 and 2027. Following the earnings beat, management lifted full-year total-income guidance to more than €24.5 billion. Higher guidance signals confidence in revenue generation and profitability and is likely the main catalyst for investor optimism. ING raises full-year guidance
• Positive Sentiment: Defense-related lending could expand. Chief Executive Steven van Rijswijk said ING’s defense loan book could double over the next several years, potentially creating additional loan growth and fee opportunities as European defense spending increases. ING defense loan book outlook
• Positive Sentiment: Dividend reinforces shareholder returns. ING declared a €0.458-per-share dividend for shareholders of record on August 10, payable August 17. The payment provides a near-term income catalyst, although the reported 262% yield appears inconsistent with the dividend amount and share price.
• Neutral Sentiment: Risk-management leadership was approved. Shareholders approved Andrea Cesaroni as ING’s new chief risk officer. The appointment supports governance continuity but is unlikely to materially change near-term earnings expectations. ING chief risk officer appointment
• Negative Sentiment: Revenue was below the reported consensus estimate. ING posted quarterly revenue of $4.76 billion versus the cited $6.99 billion expectation, which could limit the upside if investors focus on top-line performance rather than the profit beat and upgraded outlook.

ING Group Company Profile

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.