Eaton Vance Management Decreases Position in ING Group, N.V. (ING)

Eaton Vance Management trimmed its holdings in ING Group, N.V. (NYSE:ING) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,095 shares of the financial services provider’s stock after selling 5,380 shares during the quarter. Eaton Vance Management’s holdings in ING Group, N.V. were worth $3,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. CIBC World Markets Inc. increased its stake in shares of ING Group, N.V. by 119.6% in the 2nd quarter. CIBC World Markets Inc. now owns 166,245 shares of the financial services provider’s stock worth $2,891,000 after acquiring an additional 90,543 shares in the last quarter. Atlantic Trust Group LLC bought a new position in shares of ING Group, N.V. in the 2nd quarter worth about $410,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of ING Group, N.V. in the 2nd quarter worth about $243,000. Pinnacle Associates Ltd. increased its stake in shares of ING Group, N.V. by 1.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 46,656 shares of the financial services provider’s stock worth $811,000 after acquiring an additional 500 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of ING Group, N.V. by 5.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 235,766 shares of the financial services provider’s stock worth $4,100,000 after acquiring an additional 13,128 shares in the last quarter. Institutional investors own 2.86% of the company’s stock.

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Shares of ING Group, N.V. (NYSE ING) opened at 18.12 on Friday. The company has a market capitalization of $70.38 billion, a price-to-earnings ratio of 11.90 and a beta of 1.14. ING Group, N.V. has a 1-year low of $11.76 and a 1-year high of $18.94. The firm’s 50-day moving average is $18.09 and its 200-day moving average is $16.81.

The company also recently announced 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 was Thursday, August 10th. This is an increase from ING Group, N.V.’s previous None dividend of $0.22. This represents a yield of 3.05%. ING Group, N.V.’s payout ratio is currently 47.29%.

Several research analysts recently issued reports on ING shares. Goldman Sachs Group, Inc. (The) upgraded shares of ING Group, N.V. from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. UBS AG restated a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, September 5th. Deutsche Bank AG restated a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, June 20th. HSBC Holdings plc lowered shares of ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research note on Wednesday, May 31st. Finally, ValuEngine upgraded shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $17.00.

About ING Group, N.V.

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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