Jackson Square Capital LLC Makes New Investment in ING Group, N.V. $ING

Jackson Square Capital LLC bought a new stake in ING Group, N.V. (NYSE:ING) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,202 shares of the financial services provider’s stock, valued at approximately $579,000.

Other large investors also recently bought and sold shares of the company. FORA Capital LLC acquired a new stake in shares of ING Group in the 1st quarter valued at about $302,000. Charles Schwab Investment Management Inc. increased its position in ING Group by 21.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 285,853 shares of the financial services provider’s stock worth $5,600,000 after buying an additional 51,324 shares during the period. Northern Trust Corp lifted its stake in ING Group by 4.4% in the first quarter. Northern Trust Corp now owns 4,342,916 shares of the financial services provider’s stock valued at $85,078,000 after buying an additional 181,800 shares during the last quarter. Capital Fund Management S.A. boosted its holdings in shares of ING Group by 14.7% in the second quarter. Capital Fund Management S.A. now owns 612,511 shares of the financial services provider’s stock valued at $13,396,000 after acquiring an additional 78,622 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of ING Group in the 1st quarter valued at $609,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ING shares. Citigroup upgraded shares of ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of ING Group in a research report on Monday. Keefe, Bruyette & Woods cut shares of ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Morgan Stanley raised shares of ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 2nd. Finally, Cfra Research upgraded shares of ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

ING Group Stock Up 0.7%

ING opened at $27.92 on Friday. The company has a market cap of $87.88 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.97 and a beta of 0.81. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11. ING Group, N.V. has a one year low of $15.12 and a one year high of $28.10. The business’s fifty day moving average is $25.58 and its two-hundred day moving average is $24.23.

ING Group (NYSE:ING) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $5.35 billion. ING Group had a net margin of 26.94% and a return on equity of 11.57%. Analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

ING Group Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.