Van Diest Capital LLC Makes New $425,000 Investment in ING Group, N.V. $ING

Van Diest Capital LLC acquired a new position in ING Group, N.V. (NYSE:ING) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,322 shares of the financial services provider’s stock, valued at approximately $425,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Amundi bought a new stake in ING Group in the first quarter worth $760,000. AQR Capital Management LLC increased its stake in ING Group by 27.0% during the 1st quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 18,562 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in ING Group by 5.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 1,094 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in ING Group by 19.5% in the second quarter. Sivia Capital Partners LLC now owns 16,823 shares of the financial services provider’s stock worth $368,000 after buying an additional 2,745 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of ING Group by 28.9% in the second quarter. Invesco Ltd. now owns 47,534 shares of the financial services provider’s stock worth $1,040,000 after buying an additional 10,650 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research report on Friday, May 29th. Zacks Research cut ING Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ING Group presently has an average rating of “Moderate Buy”.

ING Group Price Performance

NYSE ING opened at $32.84 on Friday. The stock has a market capitalization of $93.93 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.82 and a beta of 0.85. ING Group, N.V. has a 1-year low of $22.53 and a 1-year high of $33.46. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11. The business’s fifty day moving average price is $31.29 and its 200-day moving average price is $29.34.

ING Group (NYSE:ING) last issued its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $616.97 million during the quarter, compared to analyst estimates of $6.86 billion. ING Group had a return on equity of 12.27% and a net margin of 27.68%. On average, equities analysts predict that ING Group, N.V. will post 2.87 earnings per share for the current year.

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.