Callan Capital LLC Invests $154,000 in ING Groep (NYSE:ING)

Callan Capital LLC purchased a new position in shares of ING Groep (NYSE:ING) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,253 shares of the financial services provider’s stock, valued at approximately $154,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Verdence Capital Advisors LLC purchased a new position in shares of ING Groep during the fourth quarter worth $733,000. Raymond James & Associates raised its stake in shares of ING Groep by 31.1% in the fourth quarter. Raymond James & Associates now owns 488,936 shares of the financial services provider’s stock valued at $7,344,000 after acquiring an additional 116,114 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of ING Groep in the third quarter valued at $800,000. HTLF Bank acquired a new stake in shares of ING Groep in the fourth quarter valued at $4,629,000. Finally, Tudor Investment Corp Et Al raised its stake in shares of ING Groep by 2,784.1% in the third quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock valued at $4,349,000 after acquiring an additional 318,499 shares in the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Stock Up 1.4 %

Shares of NYSE ING traded up $0.22 during mid-day trading on Friday, hitting $15.94. The company had a trading volume of 2,552,220 shares, compared to its average volume of 3,108,699. The company has a market capitalization of $59.40 billion, a PE ratio of 7.21 and a beta of 1.58. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12. ING Groep has a 1-year low of $11.78 and a 1-year high of $17.18. The business’s 50-day simple moving average is $15.44 and its 200 day simple moving average is $14.39.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $5.82 billion during the quarter, compared to analyst estimates of $6.15 billion. ING Groep had a net margin of 32.29% and a return on equity of 13.36%. On average, analysts predict that ING Groep will post 1.91 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 25th will be paid a $0.697 dividend. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. This represents a dividend yield of 6.8%. The ex-dividend date of this dividend is Wednesday, April 24th. ING Groep’s dividend payout ratio (DPR) is presently 62.90%.

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.