Caprock Group LLC Has $1.58 Million Position in ING Groep (NYSE:ING)

Caprock Group LLC grew its holdings in ING Groep (NYSE:ING) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,616 shares of the financial services provider’s stock after purchasing an additional 3,511 shares during the quarter. Caprock Group LLC’s holdings in ING Groep were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ING. Fortitude Family Office LLC bought a new stake in ING Groep in the third quarter worth approximately $25,000. Brooklyn Investment Group increased 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 acquiring an additional 1,207 shares in the last quarter. Mather Group LLC. lifted its position in shares of ING Groep by 57.3% during the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 782 shares during the period. Versant Capital Management Inc bought a new position in ING Groep during the fourth quarter worth $45,000. Finally, Hexagon Capital Partners LLC grew its holdings in ING Groep by 22.3% in the third quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 706 shares during the period. Institutional investors own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

ING has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barclays lowered ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd. Morgan Stanley downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th. Finally, Citigroup upgraded ING Groep to a “strong-buy” rating in a report on Thursday, October 17th.

ING Groep Trading Down 1.3 %

Shares of ING Groep stock opened at $16.57 on Monday. The company has a market capitalization of $57.95 billion, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 6.24 and a beta of 1.47. The stock has a fifty day simple moving average of $15.84 and a 200 day simple moving average of $16.84. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING) last announced its earnings results on Thursday, October 31st. The financial services provider reported $0.65 EPS for the quarter. ING Groep had a net margin of 30.06% and a return on equity of 12.49%. The company had revenue of $6.49 billion during the quarter. During the same quarter in the prior year, the company earned $0.61 EPS. On average, sell-side analysts anticipate that ING Groep will post 2.09 earnings per share for the current fiscal year.

ING Groep Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were given a dividend of $0.1667 per share. The ex-dividend date was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio is currently 29.15%.

ING Groep Company 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.