Net Worth Advisory Group Has $277,000 Position in ING Groep (NYSE:ING)

Net Worth Advisory Group lessened its holdings in shares of ING Groep (NYSE:ING) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,697 shares of the financial services provider’s stock after selling 736 shares during the quarter. Net Worth Advisory Group’s holdings in ING Groep were worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ING. Roxbury Financial LLC bought a new position in shares of ING Groep during the 4th quarter valued at $25,000. Brooklyn Investment Group increased its position in ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,207 shares during the last quarter. Versant Capital Management Inc bought a new position in ING Groep during the fourth quarter valued at about $45,000. IFP Advisors Inc lifted its position in shares of ING Groep by 25.1% in the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after buying an additional 621 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of ING Groep during the 4th quarter worth about $55,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

ING Groep Price Performance

NYSE ING opened at $19.89 on Wednesday. ING Groep has a 1 year low of $15.09 and a 1 year high of $20.79. The company has a fifty day simple moving average of $17.00 and a 200 day simple moving average of $16.85. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The company has a market cap of $69.58 billion, a P/E ratio of 9.29, a P/E/G ratio of 6.42 and a beta of 1.44.

ING Groep (NYSE:ING) last released its earnings results on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, sell-side analysts predict 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. Shareholders of record on Monday, January 13th were issued a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep’s dividend payout ratio (DPR) is currently 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.