Atria Investments Inc Reduces Holdings in ING Groep (NYSE:ING)

Atria Investments Inc reduced its holdings in shares of ING Groep (NYSE:ING) by 31.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,818 shares of the financial services provider’s stock after selling 27,055 shares during the period. Atria Investments Inc’s holdings in ING Groep were worth $1,050,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ING. Capital Research Global Investors increased its stake in shares of ING Groep by 51.2% in the 1st quarter. Capital Research Global Investors now owns 203,780 shares of the financial services provider’s stock worth $3,360,000 after purchasing an additional 68,966 shares in the last quarter. Virtu Financial LLC grew its holdings in ING Groep by 172.6% during the first quarter. Virtu Financial LLC now owns 77,870 shares of the financial services provider’s stock valued at $1,284,000 after purchasing an additional 49,307 shares during the period. Creative Planning increased its position in ING Groep by 18.4% in the second quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock worth $3,589,000 after buying an additional 32,534 shares in the last quarter. Boston Partners bought a new position in shares of ING Groep in the first quarter worth about $2,125,000. Finally, Acadian Asset Management LLC purchased a new position in shares of ING Groep during the 2nd quarter valued at about $4,626,000. 4.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ING shares. Citigroup raised shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

ING Groep Price Performance

NYSE:ING opened at $15.74 on Monday. The business’s 50-day simple moving average is $17.32 and its two-hundred day simple moving average is $17.49. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The stock has a market cap of $55.06 billion, a PE ratio of 7.06, a P/E/G ratio of 6.13 and a beta of 1.52. 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 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.