Raymond James & Associates lifted its position in shares of ING Groep (NYSE:ING – Free Report) by 49.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 794,658 shares of the financial services provider’s stock after purchasing an additional 263,904 shares during the period. Raymond James & Associates’ holdings in ING Groep were worth $14,431,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in ING Groep by 150.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider’s stock worth $10,267,000 after buying an additional 359,535 shares during the last quarter. Benson Investment Management Company Inc. acquired a new stake in shares of ING Groep during the 3rd quarter worth about $5,204,000. Acadian Asset Management LLC purchased a new stake in ING Groep during the second quarter worth approximately $4,626,000. Teachers Retirement System of The State of Kentucky boosted its holdings in ING Groep by 17.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,695,710 shares of the financial services provider’s stock valued at $27,962,000 after purchasing an additional 257,440 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new position in ING Groep in the third quarter valued at approximately $3,730,000. Institutional investors and hedge funds own 4.49% of the company’s stock.
ING Groep Price Performance
Shares of NYSE ING opened at $16.84 on Monday. The company has a current ratio of 0.95, a quick ratio of 1.12 and a debt-to-equity ratio of 2.54. The stock has a market cap of $58.91 billion, a P/E ratio of 7.69, a P/E/G ratio of 6.58 and a beta of 1.52. The stock has a 50 day moving average of $17.76 and a two-hundred day moving average of $17.45. ING Groep has a twelve month low of $12.44 and a twelve month high of $18.72.
Analysts Set New Price Targets
ING has been the subject of several recent analyst reports. Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.
View Our Latest Report on ING Groep
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.
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