Exencial Wealth Advisors LLC Raises Stock Position in ING Group, N.V. $ING

Exencial Wealth Advisors LLC grew its holdings in shares of ING Group, N.V. (NYSE:ING) by 57.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,764 shares of the financial services provider’s stock after buying an additional 27,719 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in ING Group were worth $1,976,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ING. Abound Wealth Management increased its stake in ING Group by 2,757.6% during the third quarter. Abound Wealth Management now owns 943 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 910 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in shares of ING Group by 2,440.8% in 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 period. Rexford Capital Inc. bought a new position in shares of ING Group during the 2nd quarter valued at approximately $33,000. Private Trust Co. NA increased its position in shares of ING Group by 210.3% during the 3rd quarter. Private Trust Co. NA now owns 1,626 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,102 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in ING Group during the 2nd quarter valued at $37,000. Institutional investors own 4.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ING shares. Citigroup raised shares of ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research note on Monday, December 29th. Keefe, Bruyette & Woods lowered shares of ING Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th. Finally, Cfra Research raised shares of ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat.com, ING Group presently has an average rating of “Buy”.

ING Group Trading Up 0.5%

NYSE ING opened at $29.18 on Thursday. The company’s 50-day moving average price is $27.01 and its 200-day moving average price is $25.18. 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 $84.91 billion, a PE ratio of 13.14, a PEG ratio of 1.88 and a beta of 0.82. ING Group, N.V. has a 12 month low of $16.04 and a 12 month high of $29.21.

ING Group (NYSE:ING) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $5.35 billion. ING Group had a net margin of 26.94% and a return on equity of 11.57%. Equities research analysts forecast that ING Group, N.V. will post 2.14 earnings per share for the current year.

ING Group Announces Dividend

The company also recently declared an annual dividend, which will be paid on Friday, January 23rd. Investors of record on Thursday, January 8th will be issued a $0.2009 dividend. The ex-dividend date is Thursday, January 8th. This represents a dividend yield of 71.0%. ING Group’s payout ratio is presently 31.08%.

ING Group 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.