Callan Family Office LLC Makes New $980,000 Investment in ING Groep (NYSE:ING)

Callan Family Office LLC purchased a new stake in shares of ING Groep (NYSE:ING) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 62,564 shares of the financial services provider’s stock, valued at approximately $980,000.

A number of other large investors have also recently made changes to their positions in the stock. Verdence Capital Advisors LLC boosted its position in shares of ING Groep by 2.2% in the third quarter. Verdence Capital Advisors LLC now owns 51,547 shares of the financial services provider’s stock valued at $936,000 after acquiring an additional 1,105 shares during the period. Crossmark Global Holdings Inc. grew its stake in ING Groep by 30.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock worth $4,849,000 after buying an additional 62,801 shares in the last quarter. Zions Bancorporation N.A. increased its stake in ING Groep by 42.2% in the third quarter. Zions Bancorporation N.A. now owns 52,427 shares of the financial services provider’s stock valued at $952,000 after acquiring an additional 15,547 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in ING Groep by 6.2% during the third quarter. OneDigital Investment Advisors LLC now owns 22,672 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 1,314 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of ING Groep by 71.3% in the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after purchasing an additional 1,376,713 shares in the last quarter. 4.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

ING Groep Price Performance

Shares of ING Groep stock opened at $20.78 on Friday. The stock has a market capitalization of $72.67 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. ING Groep has a one year low of $14.84 and a one year high of $20.79. 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 business’s 50 day simple moving average is $16.83 and its two-hundred day simple moving average is $16.82.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. Analysts forecast that ING Groep will post 2.14 EPS for the current 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 paid a dividend of $0.1667 per share. 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 29.91%.

About ING Groep

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.