Versant Capital Management Inc Acquires 19,827 Shares of ING Groep (NYSE:ING)

Versant Capital Management Inc lifted its stake in shares of ING Groep (NYSE:ING - Free Report) by 697.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,668 shares of the financial services provider's stock after acquiring an additional 19,827 shares during the quarter. Versant Capital Management Inc's holdings in ING Groep were worth $444,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ING. Northern Trust Corp boosted its stake in shares of ING Groep by 48.2% during the 4th quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock worth $65,205,000 after acquiring an additional 1,353,054 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ING Groep in the fourth quarter worth $14,375,000. Guardian Partners Inc. acquired a new stake in shares of ING Groep in the fourth quarter worth $11,730,000. ABC Arbitrage SA acquired a new stake in shares of ING Groep in the fourth quarter worth $10,129,000. Finally, Millennium Management LLC boosted its position in shares of ING Groep by 671.8% in the fourth quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider's stock worth $8,780,000 after buying an additional 487,716 shares during the period. 4.49% of the stock is owned by institutional investors.

ING Groep Stock Down 1.6%

NYSE ING traded down $0.34 during trading on Tuesday, hitting $21.08. 1,803,355 shares of the company traded hands, compared to its average volume of 2,873,444. ING Groep has a 12 month low of $15.09 and a 12 month high of $21.76. The business has a fifty day simple moving average of $19.70 and a 200 day simple moving average of $17.85. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $73.72 billion, a P/E ratio of 9.85, a PEG ratio of 6.42 and a beta of 1.15.

ING Groep (NYSE:ING - Get Free Report) last posted its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $5.74 billion. As a group, sell-side analysts predict that ING Groep will post 2.14 EPS for the current year.

ING Groep Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a $0.6526 dividend. The ex-dividend date was Friday, April 25th. This is a positive change from ING Groep's previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. ING Groep's payout ratio is presently 64.45%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Cfra Research upgraded ING Groep from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

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.