Whipplewood Advisors LLC Purchases Shares of 3,498 ING Groep (NYSE:ING)

Whipplewood Advisors LLC acquired a new stake in shares of ING Groep (NYSE:ING) in the fourth quarter, Holdings Channel.com reports. The fund acquired 3,498 shares of the financial services provider’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ING. Natixis Advisors LLC lifted its position in shares of ING Groep by 71.3% during the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after acquiring an additional 1,376,713 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of ING Groep during the 4th quarter valued at $10,129,000. Public Employees Retirement System of Ohio acquired a new stake in shares of ING Groep during the 3rd quarter valued at $9,924,000. Fisher Asset Management LLC lifted its position in shares of ING Groep by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock valued at $1,243,072,000 after acquiring an additional 429,562 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of ING Groep during the 3rd quarter valued at $2,762,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

Analyst Ratings Changes

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

ING Groep Price Performance

ING opened at $17.73 on Friday. The stock has a fifty day moving average of $16.45 and a 200-day moving average of $16.75. The firm has a market capitalization of $62.01 billion, a P/E ratio of 8.28, a PEG ratio of 6.42 and a beta of 1.46. ING Groep has a 12-month low of $13.64 and a 12-month high of $18.72. 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 (NYSE:ING) last released 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 forecast that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Cuts Dividend

The firm also recently announced 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 of this dividend was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s payout ratio is currently 29.91%.

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.