Callan Family Office LLC Makes New Investment in ING Groep (NYSE:ING)

Callan Family Office LLC acquired a new position in shares of ING Groep (NYSE:ING) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,564 shares of the financial services provider’s stock, valued at approximately $980,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ING. Roxbury Financial LLC bought a new position in shares of ING Groep in the 4th quarter valued at $25,000. Brooklyn Investment Group grew its position in ING Groep by 184.8% during the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,207 shares during the last quarter. Versant Capital Management Inc acquired a new position in ING Groep in the 4th quarter worth about $45,000. IFP Advisors Inc increased its stake in shares of ING Groep by 25.1% in the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after buying an additional 621 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in shares of ING Groep during the fourth quarter valued at $55,000. Institutional investors own 4.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th.

ING Groep Stock Performance

Shares of ING stock opened at $20.78 on Friday. ING Groep has a one year low of $14.84 and a one year high of $20.79. The firm has a 50-day moving average of $16.83 and a 200-day moving average of $16.82. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $72.67 billion, a P/E ratio of 9.71, a P/E/G ratio of 6.42 and a beta of 1.44.

ING Groep (NYSE:ING) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. Equities research analysts forecast that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were given a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s dividend payout ratio is 29.91%.

About ING Groep

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.