Sivia Capital Partners LLC Reduces Position in ING Groep (NYSE:ING)

Sivia Capital Partners LLC lowered its holdings in ING Groep (NYSE:ING) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp lifted its stake in ING Groep by 1.3% during the third quarter. State Street Corp now owns 358,479 shares of the financial services provider’s stock worth $6,510,000 after purchasing an additional 4,542 shares during the last quarter. Creative Planning grew its holdings in shares of ING Groep by 18.4% during the 2nd quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock valued at $3,589,000 after purchasing an additional 32,534 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in ING Groep by 30.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock worth $4,849,000 after purchasing an additional 62,801 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in ING Groep during the third quarter valued at about $2,428,000. Finally, Natixis Advisors LLC boosted its position in ING Groep by 71.3% during the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after buying an additional 1,376,713 shares during the period. 4.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley lowered shares of 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 note on Tuesday, October 22nd. Finally, Citigroup raised shares of ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th.

ING Groep Stock Up 3.3 %

ING traded up $0.50 during trading on Monday, reaching $15.88. The stock had a trading volume of 2,524,127 shares, compared to its average volume of 2,630,365. ING Groep has a one year low of $12.77 and a one year high of $18.72. The company has a market capitalization of $55.55 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 5.97 and a beta of 1.47. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock’s 50 day moving average is $15.67 and its two-hundred day moving average is $16.98.

ING Groep Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 23rd. Investors of record on Monday, January 13th will be paid 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 payout ratio is currently 12.56%.

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.