Callan Family Office LLC Acquires Shares of 62,564 ING Groep (NYSE:ING)

Callan Family Office LLC acquired a new position in ING Groep (NYSE:ING - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 62,564 shares of the financial services provider's stock, valued at approximately $980,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its holdings in shares of ING Groep by 2.2% during the third quarter. Verdence Capital Advisors LLC now owns 51,547 shares of the financial services provider's stock valued at $936,000 after purchasing an additional 1,105 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of ING Groep by 30.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider's stock valued at $4,849,000 after acquiring an additional 62,801 shares during the last quarter. Zions Bancorporation N.A. grew its stake in shares of ING Groep by 42.2% in the third quarter. Zions Bancorporation N.A. now owns 52,427 shares of the financial services provider's stock worth $952,000 after acquiring an additional 15,547 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of ING Groep by 6.2% during the third quarter. OneDigital Investment Advisors LLC now owns 22,672 shares of the financial services provider's stock valued at $412,000 after purchasing an additional 1,314 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in ING Groep by 71.3% during the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider's stock valued at $60,051,000 after purchasing an additional 1,376,713 shares during the period. 4.49% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Separately, Morgan Stanley downgraded shares of ING Groep from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, November 26th.

ING Groep Stock Performance

ING stock traded down $0.13 during trading on Tuesday, reaching $19.84. The stock had a trading volume of 1,802,464 shares, compared to its average volume of 3,096,318. The stock's 50 day moving average is $16.92 and its two-hundred day moving average is $16.84. The firm has a market cap of $69.39 billion, a PE ratio of 9.26, a PEG ratio of 6.42 and a beta of 1.44. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. As a group, equities analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Investors of record on Monday, January 13th were paid a dividend of $0.1667 per share. This represents a yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep's 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.