Keybank National Association OH trimmed its position in shares of ING Group, N.V. (NYSE:ING) by 21.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,863 shares of the financial services provider’s stock after selling 10,009 shares during the quarter. Keybank National Association OH’s holdings in ING Group, N.V. were worth $641,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ING. Oppenheimer & Co. Inc. acquired a new stake in shares of ING Group, N.V. during the first quarter valued at about $166,000. Jacobi Capital Management LLC boosted its stake in shares of ING Group, N.V. by 16.4% during the first quarter. Jacobi Capital Management LLC now owns 11,602 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 1,635 shares in the last quarter. MAI Capital Management acquired a new stake in shares of ING Group, N.V. during the second quarter valued at about $178,000. Eqis Capital Management Inc. boosted its stake in shares of ING Group, N.V. by 34.8% during the first quarter. Eqis Capital Management Inc. now owns 13,715 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 3,544 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of ING Group, N.V. by 3.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,865 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 508 shares in the last quarter. 2.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on ING. UBS AG reissued a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, September 5th. HSBC Holdings plc lowered ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research note on Wednesday, May 31st. BidaskClub raised ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. ValuEngine upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Finally, Goldman Sachs Group, Inc. (The) upgraded ING Group, N.V. from a “neutral” rating to a “buy” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $17.00.

ING Group, N.V. (NYSE ING) opened at 17.71 on Friday. The company has a market capitalization of $68.79 billion, a P/E ratio of 11.88 and a beta of 1.14. The stock’s 50 day moving average price is $18.12 and its 200-day moving average price is $16.66. ING Group, N.V. has a 12 month low of $11.76 and a 12 month high of $18.94.

The firm also recently disclosed a None dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were issued a $0.232 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 3.05%. This is a boost from ING Group, N.V.’s previous None dividend of $0.22. ING Group, N.V.’s dividend payout ratio (DPR) is 47.29%.

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ING Group, N.V. Company Profile

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.

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

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