ING Groep (NYSE:ING) Shares Bought by Capital Investment Counsel LLC

Capital Investment Counsel LLC grew its position in ING Groep (NYSE:ING) by 1.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 295,451 shares of the financial services provider’s stock after acquiring an additional 3,947 shares during the period. Capital Investment Counsel LLC’s holdings in ING Groep were worth $4,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ING. Fortitude Family Office LLC purchased a new position in ING Groep during the 3rd quarter valued at about $25,000. Brooklyn Investment Group boosted its stake in shares of ING Groep by 184.8% in the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,207 shares during the period. Mather Group LLC. grew its holdings in shares of ING Groep by 57.3% in the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 782 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of ING Groep in the fourth quarter valued at approximately $45,000. Finally, Hexagon Capital Partners LLC increased its stake in ING Groep by 22.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider’s stock worth $70,000 after buying an additional 706 shares during the period. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Trading Down 0.9 %

Shares of NYSE:ING opened at $16.69 on Wednesday. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The company’s 50 day moving average is $15.75 and its two-hundred day moving average is $16.88. The company has a market cap of $58.37 billion, a PE ratio of 7.48, a P/E/G ratio of 6.10 and a beta of 1.47. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, October 31st. The financial services provider reported $0.65 EPS for the quarter. The firm had revenue of $6.49 billion for the quarter. ING Groep had a return on equity of 12.49% and a net margin of 30.06%. During the same period last year, the company earned $0.61 EPS. Equities analysts predict that ING Groep will post 2.09 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were given a dividend of $0.1667 per share. This represents a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s dividend payout ratio (DPR) is presently 29.15%.

Analyst Ratings Changes

ING has been the subject of several recent research reports. Citigroup raised shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th. Finally, Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd.

ING Groep Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.