Cambiar Investors LLC Reduces Stock Holdings in ING Groep (NYSE:ING)

Cambiar Investors LLC reduced its holdings in shares of ING Groep (NYSE:ING - Free Report) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,361,394 shares of the financial services provider's stock after selling 62,646 shares during the period. Cambiar Investors LLC's holdings in ING Groep were worth $21,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ING. Fortitude Family Office LLC bought a new position in ING Groep during the third quarter valued at approximately $25,000. Brooklyn Investment Group grew its position in ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 1,207 shares during the last quarter. Mather Group LLC. grew its position in ING Groep by 57.3% during the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 782 shares during the last quarter. Versant Capital Management Inc bought a new position in ING Groep during the fourth quarter valued at approximately $45,000. Finally, Brown Brothers Harriman & Co. bought a new position in ING Groep during the third quarter valued at approximately $91,000. 4.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ING. Morgan Stanley cut shares of ING Groep from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, November 26th. Barclays cut shares of ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 22nd. Finally, Citigroup upgraded shares of ING Groep to a "strong-buy" rating in a report on Thursday, October 17th.

ING Groep Trading Up 1.7 %

Shares of ING Groep stock traded up $0.29 on Friday, hitting $17.11. The stock had a trading volume of 2,622,010 shares, compared to its average volume of 2,585,077. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a one year low of $13.24 and a one year high of $18.72. The stock has a market cap of $59.84 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 6.14 and a beta of 1.46. The stock's 50-day simple moving average is $16.05 and its two-hundred day simple moving average is $16.74.

ING Groep (NYSE:ING - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that ING Groep will post 2.14 EPS 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 $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep's payout ratio is 30.37%.

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.