Natixis Advisors LLC Has $84.64 Million Stock Holdings in ING Group, N.V. $ING

Natixis Advisors LLC decreased its position in shares of ING Group, N.V. (NYSE:ING) by 26.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,245,447 shares of the financial services provider’s stock after selling 1,182,902 shares during the period. Natixis Advisors LLC’s holdings in ING Group were worth $84,641,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Citigroup Inc. increased its position in ING Group by 249.9% during the third quarter. Citigroup Inc. now owns 2,047,717 shares of the financial services provider’s stock worth $53,404,000 after acquiring an additional 1,462,527 shares during the period. ABC Arbitrage SA increased its holdings in shares of ING Group by 280.3% during the third quarter. ABC Arbitrage SA now owns 900,936 shares of the financial services provider’s stock worth $23,496,000 after purchasing an additional 664,063 shares during the period. Bank of America Corp DE increased its holdings in shares of ING Group by 7.3% during the second quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider’s stock worth $191,681,000 after purchasing an additional 593,424 shares during the period. American Century Companies Inc. raised its position in shares of ING Group by 22.2% in the third quarter. American Century Companies Inc. now owns 1,721,021 shares of the financial services provider’s stock valued at $44,884,000 after buying an additional 312,720 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of ING Group by 25.2% in the second quarter. JPMorgan Chase & Co. now owns 1,314,705 shares of the financial services provider’s stock valued at $28,753,000 after buying an additional 264,858 shares during the period. Institutional investors own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ING. Weiss Ratings restated a “buy (b)” rating on shares of ING Group in a research note on Monday, December 29th. Zacks Research raised ING Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Jefferies Financial Group assumed coverage on ING Group in a research note on Tuesday, January 27th. They issued a “hold” rating for the company. Citigroup upgraded shares of ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Finally, Keefe, Bruyette & Woods lowered shares of ING Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, ING Group presently has an average rating of “Buy”.

ING Group Trading Down 1.5%

Shares of ING opened at $26.45 on Monday. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.11 and a current ratio of 1.11. ING Group, N.V. has a 52-week low of $16.47 and a 52-week high of $31.17. The firm has a market cap of $76.98 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.86 and a beta of 0.78. The business’s fifty day moving average is $28.93 and its 200-day moving average is $26.69.

ING Group (NYSE:ING) last announced 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. ING Group had a return on equity of 12.05% and a net margin of 27.50%.The business had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $6.67 billion. Equities analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be paid a $0.8796 dividend. This represents a dividend yield of 589.0%. The ex-dividend date is Friday, April 17th. ING Group’s dividend payout ratio (DPR) is presently 62.34%.

About ING Group

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.