ING Groep (NYSE:ING) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. lessened its position in ING Groep (NYSE:ING) by 14.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 442,603 shares of the financial services provider’s stock after selling 76,418 shares during the period. Lincluden Management Ltd.’s holdings in ING Groep were worth $5,860,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ING. Raymond James Trust N.A. grew its position in shares of ING Groep by 34.8% in the second quarter. Raymond James Trust N.A. now owns 23,998 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 6,200 shares during the last quarter. Bank of New York Mellon Corp grew its position in ING Groep by 78.2% during the 1st quarter. Bank of New York Mellon Corp now owns 121,178 shares of the financial services provider’s stock worth $1,482,000 after acquiring an additional 53,179 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of ING Groep by 15.9% during the second quarter. Envestnet Asset Management Inc. now owns 814,701 shares of the financial services provider’s stock valued at $10,787,000 after purchasing an additional 111,575 shares during the last quarter. Vanguard Capital Wealth Advisors bought a new stake in ING Groep during the 2nd quarter worth about $260,000. Finally, Stifel Financial Corp boosted its holdings in ING Groep by 6.2% during the first quarter. Stifel Financial Corp now owns 510,422 shares of the financial services provider’s stock worth $6,242,000 after buying an additional 29,899 shares during the last quarter. 3.51% of the stock is currently owned by institutional investors.

ING has been the topic of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating on shares of ING Groep in a report on Monday, August 9th. Barclays lowered ING Groep from an “equal weight” rating to an “underweight” rating in a research note on Friday, June 4th. Zacks Investment Research upgraded ING Groep from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday. Kepler Capital Markets cut ING Groep from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 22nd. Finally, Berenberg Bank reissued a “buy” rating on shares of ING Groep in a research report on Monday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $14.01.

ING Groep stock traded up $0.53 during midday trading on Monday, reaching $14.54. The stock had a trading volume of 197,473 shares, compared to its average volume of 4,789,282. The company has a fifty day moving average price of $13.40 and a two-hundred day moving average price of $13.08. The company has a market capitalization of $56.72 billion, a P/E ratio of 11.79, a PEG ratio of 0.38 and a beta of 1.96. The company has a current ratio of 0.93, a quick ratio of 1.08 and a debt-to-equity ratio of 1.67. ING Groep has a 12 month low of $6.63 and a 12 month high of $14.28.

ING Groep (NYSE:ING) last posted its quarterly earnings results on Friday, August 6th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.13 billion. ING Groep had a net margin of 22.56% and a return on equity of 7.37%. On average, equities research analysts predict that ING Groep will post 1.47 earnings per share for the current fiscal year.

The business also recently announced a Variable dividend, which will be paid on Tuesday, October 19th. Stockholders of record on Tuesday, October 5th will be issued a $0.478 dividend. The ex-dividend date is Monday, October 4th. ING Groep’s dividend payout ratio is presently 16.44%.

ING Groep Profile

ING Groep NV engages in the provision of banking, investments, life and non-life insurance, and retirement and asset management services. It operates through the following segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other and Wholesale Banking. The Retail Netherlands segment offers current and savings accounts, business lending, mortgages, and consumer lending.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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