Versant Capital Management Inc Boosts Position in ING Groep (NYSE:ING)

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

A number of other institutional investors have also added to or reduced their stakes in the business. Roxbury Financial LLC bought a new position in shares of ING Groep in the fourth quarter worth approximately $25,000. Redwood Investments LLC purchased a new position in shares of ING Groep in the fourth quarter worth about $41,000. IFP Advisors Inc lifted its position in ING Groep by 25.1% in the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 621 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in ING Groep during the 4th quarter valued at $55,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of ING Groep by 20.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock worth $62,000 after purchasing an additional 665 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Groep Price Performance

Shares of ING traded up $0.04 during mid-day trading on Wednesday, hitting $21.12. 748,387 shares of the stock were exchanged, compared to its average volume of 2,277,334. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $73.88 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. ING Groep has a 52-week low of $15.09 and a 52-week high of $21.76. The firm has a 50-day moving average of $19.72 and a two-hundred day moving average of $17.88.

ING Groep (NYSE:ING - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 earnings per share 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 analysts' expectations of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, equities analysts predict that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

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

Wall Street Analyst Weigh In

ING has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded ING Groep from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Cfra Research raised ING Groep from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Four 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

ING Groep Company 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.