ING Groep (NYSE:ING) Shares Acquired by Meritage Portfolio Management

Meritage Portfolio Management grew its holdings in ING Groep (NYSE:ING - Free Report) by 47.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,556 shares of the financial services provider's stock after purchasing an additional 88,196 shares during the period. Meritage Portfolio Management's holdings in ING Groep were worth $4,287,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Fortitude Family Office LLC bought a new stake in ING Groep during the 3rd quarter valued at $25,000. Brooklyn Investment Group lifted its stake in ING Groep by 184.8% in the fourth 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 period. Mather Group LLC. grew its holdings in 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 in the last quarter. Versant Capital Management Inc purchased a new position in ING Groep during the 4th quarter valued at about $45,000. Finally, Hexagon Capital Partners LLC raised its holdings in shares of ING Groep by 22.3% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 706 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Groep Stock Down 0.3 %

NYSE:ING traded down $0.05 during midday trading on Friday, reaching $16.43. 2,165,233 shares of the stock traded hands, compared to its average volume of 2,506,171. The stock has a market capitalization of $57.46 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 6.14 and a beta of 1.46. ING Groep has a 12-month low of $12.81 and a 12-month high of $18.72. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50-day moving average of $15.96 and a two-hundred day moving average of $16.77.

ING Groep (NYSE:ING - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. On average, equities analysts forecast that ING Groep will post 2.14 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were issued a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep's dividend payout ratio is presently 30.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup raised shares of ING Groep to a "strong-buy" rating in a research note on Thursday, October 17th. Morgan Stanley cut ING Groep from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, November 26th. Finally, Barclays lowered ING Groep from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 22nd.

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.