15,842 Shares in ING Groep (NYSE:ING) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in ING Groep (NYSE:ING - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,842 shares of the financial services provider's stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also made changes to their positions in ING. Fisher Asset Management LLC boosted its holdings in ING Groep by 0.6% during the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider's stock worth $1,243,072,000 after buying an additional 429,562 shares in the last quarter. Natixis Advisors LLC boosted its holdings 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 worth $60,051,000 after buying an additional 1,376,713 shares in the last quarter. HighTower Advisors LLC boosted its holdings in ING Groep by 1.7% during the third quarter. HighTower Advisors LLC now owns 948,188 shares of the financial services provider's stock worth $17,180,000 after buying an additional 15,964 shares in the last quarter. Raymond James & Associates boosted its holdings in ING Groep by 49.7% during the third quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider's stock worth $14,431,000 after buying an additional 263,904 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of ING Groep in the 4th quarter valued at approximately $10,129,000. 4.49% of the stock is currently owned by institutional investors.

ING Groep Trading Down 0.6 %

ING Groep stock traded down $0.11 during midday trading on Friday, reaching $17.12. The stock had a trading volume of 2,152,286 shares, compared to its average volume of 2,595,527. The firm's fifty day simple moving average is $16.19 and its two-hundred day simple moving average is $16.72. The firm has a market cap of $59.87 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 6.35 and a beta of 1.46. ING Groep has a twelve month low of $13.57 and a twelve month high of $18.72. 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 - 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 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%. Equities analysts anticipate that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Cuts Dividend

The firm also recently disclosed 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 dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep's payout ratio is presently 30.37%.

Analyst Upgrades and Downgrades

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

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.