Versant Capital Management Inc Makes New $45,000 Investment in ING Groep (NYSE:ING)

Versant Capital Management Inc purchased a new stake in shares of ING Groep (NYSE:ING) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,841 shares of the financial services provider’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ING. Fortitude Family Office LLC bought a new position in shares of ING Groep in the third quarter worth about $25,000. Mather Group LLC. boosted its stake in ING Groep by 57.3% in the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 782 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of ING Groep in the second quarter worth $41,000. Hexagon Capital Partners LLC boosted its holdings in shares of ING Groep by 22.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 706 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in ING Groep during the third quarter valued at approximately $91,000. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Trading Up 1.0 %

NYSE ING opened at $15.81 on Tuesday. The company has a fifty day moving average of $15.76 and a 200 day moving average of $17.01. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $55.31 billion, a PE ratio of 7.09, a P/E/G ratio of 5.97 and a beta of 1.47. ING Groep has a 1 year low of $12.77 and a 1 year high of $18.72.

ING Groep Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th will be paid a dividend of $0.1667 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a yield of 6.4%. ING Groep’s dividend payout ratio (DPR) is currently 28.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ING shares. Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Citigroup raised shares of ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

About ING Groep

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.