10,763 Shares in ING Groep (NYSE:ING) Purchased by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC acquired a new position in ING Groep (NYSE:ING) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,763 shares of the financial services provider’s stock, valued at approximately $169,000.

Other large investors also recently bought and sold shares of the company. Natixis Advisors LLC grew its stake in shares of ING Groep by 71.3% during the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after purchasing an additional 1,376,713 shares during the period. Public Employees Retirement System of Ohio bought a new stake in ING Groep during the third quarter valued at approximately $9,924,000. Mediolanum International Funds Ltd purchased a new stake in ING Groep during the third quarter valued at approximately $7,972,000. Fisher Asset Management LLC raised its position in ING Groep by 0.6% in the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock worth $1,243,072,000 after acquiring an additional 429,562 shares during the period. Finally, Benson Investment Management Company Inc. purchased a new position in shares of ING Groep during the 3rd quarter worth $5,204,000. 4.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

ING Groep Price Performance

NYSE:ING opened at $16.77 on Friday. The stock has a market cap of $58.65 billion, a PE ratio of 7.52, a P/E/G ratio of 6.10 and a beta of 1.47. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The business’s 50-day simple moving average is $15.71 and its two-hundred day simple moving average is $16.91. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72.

ING Groep (NYSE:ING) last released its earnings results on Thursday, October 31st. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. ING Groep had a return on equity of 12.49% and a net margin of 30.06%. The firm had revenue of $6.49 billion during the quarter. During the same quarter in the prior year, the business posted $0.61 EPS. As a group, analysts forecast that ING Groep will post 2.09 EPS for the current fiscal year.

ING Groep Cuts Dividend

The company also recently declared 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 29.15%.

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.