Callan Capital LLC Has $757,000 Stake in ING Group, N.V. (NYSE:ING)

Callan Capital LLC boosted its stake in ING Group, N.V. (NYSE:ING - Free Report) by 54.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,649 shares of the financial services provider's stock after buying an additional 13,574 shares during the quarter. Callan Capital LLC's holdings in ING Group were worth $757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ING. Huntington National Bank increased its stake in shares of ING Group by 1.7% during the 4th quarter. Huntington National Bank now owns 35,030 shares of the financial services provider's stock worth $549,000 after purchasing an additional 597 shares during the last quarter. Wedmont Private Capital increased its stake in shares of ING Group by 6.5% during the 1st quarter. Wedmont Private Capital now owns 11,415 shares of the financial services provider's stock worth $208,000 after purchasing an additional 693 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of ING Group by 1.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 41,553 shares of the financial services provider's stock worth $651,000 after purchasing an additional 716 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of ING Group by 1.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 62,657 shares of the financial services provider's stock worth $1,227,000 after purchasing an additional 786 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in shares of ING Group by 21.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,085 shares of the financial services provider's stock worth $100,000 after purchasing an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Group Stock Performance

NYSE:ING traded down $0.31 during midday trading on Friday, reaching $22.68. The stock had a trading volume of 587,715 shares, compared to its average volume of 2,331,369. ING Group, N.V. has a 1-year low of $15.09 and a 1-year high of $23.31. The firm's fifty day simple moving average is $21.28 and its 200-day simple moving average is $18.98. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $79.33 billion, a P/E ratio of 10.75, a PEG ratio of 2.20 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ING. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group upgraded shares of ING Group from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average 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.