Guardian Partners Inc. Acquires Shares of 743,344 ING Groep (NYSE:ING)

Guardian Partners Inc. acquired a new stake in ING Groep (NYSE:ING) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 743,344 shares of the financial services provider’s stock, valued at approximately $11,730,000. ING Groep comprises approximately 1.2% of Guardian Partners Inc.’s holdings, making the stock its 27th largest holding.

Other large investors also recently made changes to their positions in the company. Roxbury Financial LLC acquired a new position in shares of ING Groep in the 4th quarter valued at $25,000. Brooklyn Investment Group lifted its stake in shares of ING Groep by 184.8% in the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,207 shares during the period. Versant Capital Management Inc acquired a new position in shares of ING Groep in the 4th quarter valued at $45,000. IFP Advisors Inc lifted its stake in shares of ING Groep by 25.1% in the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 621 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in shares of ING Groep in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

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 Stock Performance

Shares of ING Groep stock opened at $19.88 on Friday. The company has a market capitalization of $69.53 billion, a PE ratio of 9.29, a PEG ratio of 6.42 and a beta of 1.44. ING Groep has a 12 month low of $15.09 and a 12 month high of $20.79. 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 stock’s fifty day simple moving average is $17.71 and its 200 day simple moving average is $16.97.

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 return on equity of 11.81% and a net margin of 28.30%. On average, research analysts predict that ING Groep will post 2.14 EPS for the current year.

ING Groep Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Investors of record on Monday, January 13th were paid a dividend of $0.1667 per share. This represents a yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep’s payout ratio is presently 29.91%.

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.