Aaron Wealth Advisors LLC Acquires 2,868 Shares of ING Groep (NYSE:ING)

Aaron Wealth Advisors LLC increased its holdings in ING Groep (NYSE:ING) by 3.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 77,025 shares of the financial services provider’s stock after acquiring an additional 2,868 shares during the period. Aaron Wealth Advisors LLC’s holdings in ING Groep were worth $1,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new position in shares of ING Groep during the third quarter valued at about $25,000. Brooklyn Investment Group grew its position in ING Groep by 184.8% during the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,207 shares during the last quarter. Mather Group LLC. increased 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. Versant Capital Management Inc purchased a new position in ING Groep in the 4th quarter worth approximately $45,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of ING Groep by 22.3% during the third 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 period. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

NYSE:ING opened at $16.30 on Friday. 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 twelve month low of $12.77 and a twelve month high of $18.72. The stock has a market cap of $57.03 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 5.80 and a beta of 1.47. The firm’s fifty day simple moving average is $15.64 and its 200 day simple moving average is $16.94.

ING Groep Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, January 23rd. Investors of record on Monday, January 13th will be given a dividend of $0.1667 per share. This represents a dividend yield of 6.4%. The ex-dividend date is Monday, January 13th. ING Groep’s dividend payout ratio is currently 29.15%.

Analyst Upgrades and Downgrades

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

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.