HRT Financial LLC Invests $321,000 in ING Groep NV (ING) Stock

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HRT Financial LLC bought a new stake in ING Groep NV (NYSE:ING) during the 2nd quarter, HoldingsChannel reports. The firm bought 22,475 shares of the financial services provider’s stock, valued at approximately $321,000.

A number of other hedge funds also recently made changes to their positions in the stock. Suntrust Banks Inc. boosted its holdings in ING Groep by 1.3% in the first quarter. Suntrust Banks Inc. now owns 270,120 shares of the financial services provider’s stock valued at $4,571,000 after acquiring an additional 3,338 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in ING Groep by 4.3% in the first quarter. Neuberger Berman Group LLC now owns 91,339 shares of the financial services provider’s stock valued at $1,546,000 after buying an additional 3,756 shares during the period. Fairfield Bush & CO. lifted its stake in ING Groep by 23.3% in the first quarter. Fairfield Bush & CO. now owns 21,731 shares of the financial services provider’s stock valued at $368,000 after buying an additional 4,100 shares during the period. Advisor Partners LLC lifted its stake in ING Groep by 36.0% in the second quarter. Advisor Partners LLC now owns 15,656 shares of the financial services provider’s stock valued at $224,000 after buying an additional 4,145 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in ING Groep by 25.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 21,778 shares of the financial services provider’s stock valued at $312,000 after buying an additional 4,459 shares during the period. Institutional investors and hedge funds own 3.54% of the company’s stock.

Shares of ING opened at $12.86 on Friday. ING Groep NV has a 52-week low of $12.56 and a 52-week high of $20.58. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $49.16 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27.

ING Groep (NYSE:ING) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. ING Groep had a return on equity of 10.28% and a net margin of 28.47%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.06 billion. equities analysts predict that ING Groep NV will post 1.57 earnings per share for the current year.

The company also recently announced a special dividend, which was paid on Tuesday, August 21st. Stockholders of record on Monday, August 13th were given a dividend of $0.2799 per share. This represents a dividend yield of 6.86%. The ex-dividend date of this dividend was Friday, August 10th. ING Groep’s payout ratio is 30.56%.

Several equities analysts have issued reports on the company. ValuEngine lowered ING Groep from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research raised ING Groep from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered ING Groep from an “overweight” rating to a “neutral” rating in a research note on Monday, September 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $21.00.

ING Groep Company Profile

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

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Want to see what other hedge funds are holding ING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ING Groep NV (NYSE:ING).

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

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