Callan Capital LLC Buys 13,574 Shares of ING Group, N.V. (NYSE:ING)

Callan Capital LLC lifted its position in shares of ING Group, N.V. (NYSE:ING - Free Report) by 54.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,649 shares of the financial services provider's stock after purchasing an additional 13,574 shares during the period. Callan Capital LLC's holdings in ING Group were worth $757,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of ING Group by 19.4% during the fourth quarter. Jones Financial Companies Lllp now owns 38,752 shares of the financial services provider's stock worth $607,000 after purchasing an additional 6,305 shares during the period. Charles Schwab Investment Management Inc. increased its stake in ING Group by 10.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 234,529 shares of the financial services provider's stock valued at $3,675,000 after acquiring an additional 22,355 shares during the last quarter. Assetmark Inc. increased its stake in ING Group by 15.9% in the fourth quarter. Assetmark Inc. now owns 26,913 shares of the financial services provider's stock valued at $422,000 after acquiring an additional 3,683 shares during the last quarter. Raymond James Financial Inc. bought a new position in ING Group in the fourth quarter valued at approximately $14,375,000. Finally, PNC Financial Services Group Inc. increased its stake in ING Group by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 90,752 shares of the financial services provider's stock valued at $1,422,000 after acquiring an additional 6,516 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Trading Down 1.0%

ING stock traded down $0.24 during midday trading on Friday, hitting $22.75. The stock had a trading volume of 2,624,418 shares, compared to its average volume of 2,344,032. The firm has a market cap of $79.58 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.86. ING Group, N.V. has a 1-year low of $15.09 and a 1-year high of $23.46. The business has a fifty day moving average price of $21.32 and a two-hundred day moving average price of $19.03.

ING Group (NYSE:ING - Get Free Report) last posted its earnings results on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $5.74 billion. ING Group had a return on equity of 11.68% and a net margin of 27.70%. On average, sell-side analysts predict that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ING. The Goldman Sachs Group raised shares of ING Group from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Cfra Research raised shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

ING Group 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.