Comerica Bank reduced its stake in ING Group, N.V. (NYSE:ING) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,593 shares of the financial services provider’s stock after selling 15,433 shares during the period. Comerica Bank’s holdings in ING Group, N.V. were worth $4,395,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ING. Bank of America Corp DE increased its position in shares of ING Group, N.V. by 5.4% in the first quarter. Bank of America Corp DE now owns 8,039,257 shares of the financial services provider’s stock valued at $121,313,000 after buying an additional 410,416 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of ING Group, N.V. during the first quarter worth approximately $208,000. Keybank National Association OH boosted its stake in shares of ING Group, N.V. by 26.5% in the first quarter. Keybank National Association OH now owns 46,872 shares of the financial services provider’s stock worth $707,000 after buying an additional 9,815 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of ING Group, N.V. during the first quarter worth approximately $410,000. Finally, Lincluden Management Ltd. boosted its stake in shares of ING Group, N.V. by 8.6% in the second quarter. Lincluden Management Ltd. now owns 314,530 shares of the financial services provider’s stock worth $5,470,000 after buying an additional 24,785 shares during the last quarter. Institutional investors own 2.86% of the company’s stock.

Shares of ING Group, N.V. (NYSE:ING) opened at 17.86 on Monday. The stock’s 50 day moving average is $18.19 and its 200-day moving average is $16.46. The firm has a market cap of $69.37 billion, a PE ratio of 11.93 and a beta of 1.15. ING Group, N.V. has a 52 week low of $11.76 and a 52 week high of $18.94.

The firm also recently announced a None dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were paid a dividend of $0.232 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 3.05%. This is an increase from ING Group, N.V.’s previous None dividend of $0.22. ING Group, N.V.’s payout ratio is presently 47.29%.

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A number of equities research analysts have recently commented on the stock. HSBC Holdings plc cut shares of ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research note on Wednesday, May 31st. Deutsche Bank AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, June 20th. ValuEngine raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. Zacks Investment Research raised shares of ING Group, N.V. from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research note on Tuesday, May 9th. Finally, BidaskClub raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.00.

ING Group, N.V. Company Profile

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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