ING Groep (NYSE:ING) Stock Position Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in shares of ING Groep (NYSE:ING) by 24.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,569 shares of the financial services provider’s stock after selling 25,133 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ING Groep were worth $1,409,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new position in shares of ING Groep during the 3rd quarter valued at about $25,000. Summit Securities Group LLC bought a new stake in ING Groep during the second quarter worth approximately $31,000. Rothschild Investment LLC bought a new stake in ING Groep during the second quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ING Groep in the second quarter worth approximately $38,000. Finally, Mather Group LLC. increased its holdings in shares of ING Groep by 57.3% in the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after buying an additional 782 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Groep Stock Up 1.7 %

Shares of NYSE:ING opened at $15.74 on Monday. The firm has a 50 day simple moving average of $17.32 and a 200 day simple moving average of $17.49. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $55.06 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 6.13 and a beta of 1.52.

Analysts Set New Price Targets

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

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.