ING Group, N.V. $ING Shares Acquired by AlphaCore Capital LLC

AlphaCore Capital LLC boosted its position in ING Group, N.V. (NYSE:ING) by 527.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,806 shares of the financial services provider’s stock after buying an additional 33,459 shares during the quarter. AlphaCore Capital LLC’s holdings in ING Group were worth $1,038,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of ING Group by 7.3% in the 2nd quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider’s stock valued at $191,681,000 after acquiring an additional 593,424 shares during the last quarter. Todd Asset Management LLC lifted its stake in ING Group by 1.0% during the third quarter. Todd Asset Management LLC now owns 2,795,403 shares of the financial services provider’s stock worth $72,904,000 after purchasing an additional 26,639 shares during the last quarter. Citigroup Inc. boosted its holdings in ING Group by 249.9% in the third quarter. Citigroup Inc. now owns 2,047,717 shares of the financial services provider’s stock worth $53,404,000 after purchasing an additional 1,462,527 shares during the period. Envestnet Asset Management Inc. increased its stake in ING Group by 4.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,990,736 shares of the financial services provider’s stock valued at $51,918,000 after purchasing an additional 82,340 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of ING Group by 10.4% during the second quarter. American Century Companies Inc. now owns 1,408,301 shares of the financial services provider’s stock worth $30,800,000 after purchasing an additional 132,184 shares during the period. Institutional investors own 4.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ING shares. Keefe, Bruyette & Woods downgraded shares of ING Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th. Citigroup upgraded shares of ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Deutsche Bank Aktiengesellschaft raised shares of ING Group from a “hold” rating to a “buy” rating in a report on Monday, February 2nd. Wall Street Zen raised ING Group from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Zacks Research raised ING Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

ING Group Price Performance

Shares of ING opened at $28.75 on Friday. ING Group, N.V. has a one year low of $16.47 and a one year high of $31.17. The stock’s fifty day moving average is $29.05 and its 200-day moving average is $26.58. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $83.66 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.96 and a beta of 0.80.

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

ING Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be issued a $0.8796 dividend. The ex-dividend date is Friday, April 17th. This represents a dividend yield of 589.0%. ING Group’s dividend payout ratio (DPR) is 28.87%.

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.