Sierra Ocean LLC Takes Position in ING Groep (NYSE:ING)

Sierra Ocean LLC bought a new stake in shares of ING Groep (NYSE:ING) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,126 shares of the financial services provider’s stock, valued at approximately $65,000.

Other large investors have also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of ING Groep by 10.0% in the 3rd quarter. CWM LLC now owns 11,291 shares of the financial services provider’s stock worth $205,000 after buying an additional 1,028 shares during the period. Creative Planning grew its position in shares of ING Groep by 10.1% during the 3rd quarter. Creative Planning now owns 230,564 shares of the financial services provider’s stock worth $4,187,000 after buying an additional 21,159 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of ING Groep by 10.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,081 shares of the financial services provider’s stock worth $347,000 after buying an additional 1,877 shares in the last quarter. Net Worth Advisory Group bought a new position in shares of ING Groep during the 3rd quarter worth $335,000. Finally, Blue Trust Inc. grew its position in shares of ING Groep by 345.6% during the 3rd quarter. Blue Trust Inc. now owns 21,336 shares of the financial services provider’s stock worth $366,000 after buying an additional 16,548 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ING. Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 26th. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd.

ING Groep Stock Up 1.7 %

ING Groep stock opened at $17.11 on Tuesday. The firm has a market cap of $59.84 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 6.14 and a beta of 1.46. ING Groep has a 52 week low of $13.24 and a 52 week high of $18.72. The business’s 50-day moving average price is $16.07 and its 200 day moving average price is $16.71. 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 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%. As a group, sell-side analysts anticipate that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were given 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 dividend payout ratio (DPR) is presently 30.37%.

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.