Sivia Capital Partners LLC Cuts Stock Holdings in ING Groep (NYSE:ING)

Sivia Capital Partners LLC reduced its position in ING Groep (NYSE:ING) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,552 shares of the financial services provider’s stock after selling 993 shares during the period. Sivia Capital Partners LLC’s holdings in ING Groep were worth $197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ING. Versant Capital Management Inc purchased a new position in shares of ING Groep in the fourth quarter worth $45,000. Confluence Investment Management LLC grew its stake in shares of ING Groep by 1.7% in the fourth quarter. Confluence Investment Management LLC now owns 48,238 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 790 shares during the period. Logan Capital Management Inc. grew its stake in shares of ING Groep by 4.2% in the third quarter. Logan Capital Management Inc. now owns 192,859 shares of the financial services provider’s stock worth $3,502,000 after acquiring an additional 7,772 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of ING Groep during the third quarter valued at approximately $257,000. Finally, Sanctuary Advisors LLC boosted its holdings in ING Groep by 12.0% in the third quarter. Sanctuary Advisors LLC now owns 103,478 shares of the financial services provider’s stock worth $1,879,000 after purchasing an additional 11,074 shares during the last quarter. 4.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ING Groep Stock Performance

NYSE:ING traded up $0.50 during mid-day trading on Monday, hitting $15.88. 2,524,127 shares of the company traded hands, compared to its average volume of 2,630,365. The stock’s fifty day moving average price is $15.67 and its 200-day moving average price is $16.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a one year low of $12.77 and a one year high of $18.72. The firm has a market cap of $55.55 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 5.97 and a beta of 1.47.

ING Groep Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th will be issued a dividend of $0.1667 per share. This represents a yield of 6.4%. The ex-dividend date is Monday, January 13th. ING Groep’s dividend payout ratio is currently 12.56%.

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.