Versant Capital Management Inc Takes $45,000 Position in ING Groep (NYSE:ING)

Versant Capital Management Inc acquired a new stake in ING Groep (NYSE:ING) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,841 shares of the financial services provider’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in ING Groep during the third quarter worth approximately $25,000. Mather Group LLC. lifted its holdings 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 worth $39,000 after acquiring an additional 782 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of ING Groep in the 2nd quarter valued at $41,000. Hexagon Capital Partners LLC grew its position 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 valued at $70,000 after acquiring an additional 706 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of ING Groep during the third quarter worth $91,000. Institutional investors own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

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

ING Groep Price Performance

ING stock opened at $15.81 on Tuesday. ING Groep has a one year low of $12.77 and a one year high of $18.72. 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 stock has a market cap of $55.31 billion, a PE ratio of 7.09, a P/E/G ratio of 5.97 and a beta of 1.47. The firm has a 50 day simple moving average of $15.76 and a two-hundred day simple moving average of $17.01.

ING Groep Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th will be issued a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date is Monday, January 13th. ING Groep’s dividend payout ratio (DPR) is presently 28.70%.

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.