Raymond James Trust N.A. Invests $185,000 in ING Groep (NYSE:ING)

Raymond James Trust N.A. bought a new stake in ING Groep (NYSE:ING) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 10,178 shares of the financial services provider’s stock, valued at approximately $185,000.

A number of other institutional investors also recently added to or reduced their stakes in ING. Eagle Asset Management Inc. raised its holdings in shares of ING Groep by 9.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 32,339 shares of the financial services provider’s stock valued at $587,000 after purchasing an additional 2,763 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in ING Groep by 18.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 212,174 shares of the financial services provider’s stock valued at $3,853,000 after buying an additional 32,701 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in ING Groep in the third quarter valued at $2,428,000. King Luther Capital Management Corp lifted its holdings in ING Groep by 9.1% during the 3rd quarter. King Luther Capital Management Corp now owns 19,836 shares of the financial services provider’s stock worth $360,000 after buying an additional 1,648 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ING Groep during the 3rd quarter worth about $2,004,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in 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 downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. 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 upgraded shares of ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th.

ING Groep Trading Up 1.1 %

ING opened at $15.27 on Friday. The firm has a market cap of $53.42 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 5.97 and a beta of 1.52. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The business’s 50 day moving average is $16.84 and its two-hundred day moving average is $17.38. 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 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.