Aaron Wealth Advisors LLC Acquires 2,868 Shares of ING Groep (NYSE:ING)

Aaron Wealth Advisors LLC grew its holdings in ING Groep (NYSE:ING) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,025 shares of the financial services provider’s stock after purchasing an additional 2,868 shares during the period. Aaron Wealth Advisors LLC’s holdings in ING Groep were worth $1,207,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Commonwealth Equity Services LLC raised its holdings in ING Groep by 50.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,839 shares of the financial services provider’s stock valued at $391,000 after acquiring an additional 7,684 shares during the period. Rhumbline Advisers raised its stake in shares of ING Groep by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 86,574 shares of the financial services provider’s stock valued at $1,484,000 after purchasing an additional 830 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in ING Groep by 17.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 137,937 shares of the financial services provider’s stock worth $2,355,000 after purchasing an additional 20,359 shares during the period. Hsbc Holdings PLC bought a new position in ING Groep in the 2nd quarter worth about $266,000. Finally, King Luther Capital Management Corp grew its holdings in ING Groep by 21.0% during the 2nd quarter. King Luther Capital Management Corp now owns 18,188 shares of the financial services provider’s stock valued at $312,000 after buying an additional 3,155 shares in the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Price Performance

Shares of NYSE:ING opened at $16.30 on Friday. The company’s fifty day moving average price is $15.64 and its 200-day moving average price is $16.94. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $57.03 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 5.80 and a beta of 1.47. ING Groep has a one year low of $12.77 and a one year high of $18.72.

ING Groep Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, January 23rd. Investors of record on Monday, January 13th will be paid a $0.1667 dividend. The ex-dividend date is Monday, January 13th. This represents a yield of 6.4%. ING Groep’s dividend payout ratio is presently 29.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ING. Morgan Stanley lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Citigroup upgraded ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th.

ING Groep 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.