Diversified Investment Strategies LLC continued to hold its stake in shares of ING Group, N.V. (NYSE:ING) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,000 shares of the financial services provider’s stock at the end of the second quarter. Diversified Investment Strategies LLC’s holdings in ING Group, N.V. were worth $365,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of 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 period. Keybank National Association OH increased its stake in shares of ING Group, N.V. by 26.5% in the first quarter. Keybank National Association OH now owns 46,872 shares of the financial services provider’s stock valued at $707,000 after buying an additional 9,815 shares during the period. SG Americas Securities LLC purchased a new stake in shares of ING Group, N.V. during the first quarter valued at about $410,000. Lincluden Management Ltd. increased its stake in shares of ING Group, N.V. by 8.6% in the second quarter. Lincluden Management Ltd. now owns 314,530 shares of the financial services provider’s stock valued at $5,470,000 after buying an additional 24,785 shares during the period. Finally, Comerica Bank increased its stake in shares of ING Group, N.V. by 3.7% in the first quarter. Comerica Bank now owns 257,026 shares of the financial services provider’s stock valued at $4,180,000 after buying an additional 9,078 shares during the period. Institutional investors and hedge funds own 2.86% of the company’s stock.

Shares of ING Group, N.V. (NYSE ING) traded down 0.575% on Wednesday, hitting $17.648. 681,145 shares of the stock traded hands. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 11.836 and a beta of 1.15. ING Group, N.V. has a 52 week low of $11.76 and a 52 week high of $18.94. The stock has a 50 day moving average price of $18.19 and a 200-day moving average price of $16.46.

The company also recently declared a None dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were issued a dividend of $0.232 per share. The ex-dividend date was Thursday, August 10th. This represents a yield of 3.05%. This is an increase from ING Group, N.V.’s previous None dividend of $0.22. ING Group, N.V.’s payout ratio is currently 47.29%.

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Several equities research analysts recently issued reports on ING shares. ValuEngine upgraded shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. BidaskClub upgraded shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Zacks Investment Research downgraded shares of ING Group, N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Deutsche Bank AG restated a “buy” rating on shares of ING Group, N.V. in a research report on Tuesday, May 2nd. Finally, HSBC Holdings plc downgraded shares of ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research report on Wednesday, May 31st. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus 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.

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

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