10,763 Shares in ING Groep (NYSE:ING) Acquired by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC purchased a new position in shares of ING Groep (NYSE:ING) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,763 shares of the financial services provider’s stock, valued at approximately $169,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ING. Fortitude Family Office LLC bought a new stake in shares of ING Groep during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group lifted its stake in shares of 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. Mather Group LLC. lifted its stake in shares of ING Groep by 57.3% during the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 782 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of ING Groep during the 4th quarter worth approximately $45,000. Finally, Hexagon Capital Partners LLC lifted its stake in shares of 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 acquiring an additional 706 shares during the last quarter. 4.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup upgraded ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barclays downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th.

ING Groep Trading Up 0.2 %

Shares of NYSE:ING opened at $16.77 on Friday. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72. The business’s fifty day simple moving average is $15.71 and its 200-day simple moving average is $16.91. The company has a market capitalization of $58.65 billion, a PE ratio of 7.52, 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 announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. ING Groep had a return on equity of 12.49% and a net margin of 30.06%. The business had revenue of $6.49 billion for the quarter. During the same quarter in the prior year, the business posted $0.61 earnings per share. As a group, equities research analysts predict that ING Groep will post 2.09 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were issued a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio is presently 29.15%.

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.