Guardian Partners Inc. Takes $11.73 Million Position in ING Groep (NYSE:ING)

Guardian Partners Inc. acquired a new stake in ING Groep (NYSE:ING) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 743,344 shares of the financial services provider’s stock, valued at approximately $11,730,000. ING Groep accounts for approximately 1.2% of Guardian Partners Inc.’s investment portfolio, making the stock its 27th largest holding.

Other large investors also recently modified their holdings of the company. Roxbury Financial LLC bought a new stake in shares of ING Groep in the 4th quarter valued at approximately $25,000. Brooklyn Investment Group grew its stake in shares of ING Groep by 184.8% in the 4th 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. Versant Capital Management Inc bought a new stake in shares of ING Groep in the 4th quarter valued at approximately $45,000. IFP Advisors Inc grew its stake in shares of ING Groep by 25.1% in the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 621 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in ING Groep during the 4th quarter worth approximately $55,000. 4.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

ING Groep Stock Down 0.5 %

NYSE ING opened at $19.88 on Friday. The firm has a market cap of $69.53 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. ING Groep has a one year low of $15.09 and a one year high of $20.79. The stock’s 50 day simple moving average is $17.71 and its 200 day simple moving average is $16.97. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13.

ING Groep (NYSE:ING) last released 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%. As a group, sell-side analysts forecast that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The company 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. The ex-dividend date was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s payout ratio is 29.91%.

ING Groep Company 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.