Themes Management Co LLC Invests $942,000 in ING Group, N.V. $ING

Themes Management Co LLC purchased a new position in ING Group, N.V. (NYSE:ING) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 33,650 shares of the financial services provider’s stock, valued at approximately $942,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aprio Wealth Management LLC lifted its position in shares of ING Group by 1.6% in the 4th quarter. Aprio Wealth Management LLC now owns 23,240 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 370 shares during the period. Binnacle Investments Inc lifted its position in shares of ING Group by 57.0% in the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 395 shares during the period. Advisors Asset Management Inc. lifted its position in shares of ING Group by 0.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 63,613 shares of the financial services provider’s stock worth $1,659,000 after purchasing an additional 397 shares during the period. AE Wealth Management LLC lifted its position in shares of ING Group by 2.5% in the 3rd quarter. AE Wealth Management LLC now owns 16,862 shares of the financial services provider’s stock worth $440,000 after purchasing an additional 410 shares during the period. Finally, Prospera Financial Services Inc lifted its position in shares of ING Group by 3.1% during the 4th quarter. Prospera Financial Services Inc now owns 15,163 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 460 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Stock Performance

ING opened at $30.53 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The company’s fifty day moving average price is $27.98 and its two-hundred day moving average price is $27.88. ING Group, N.V. has a 1-year low of $20.39 and a 1-year high of $31.17. The company has a market cap of $88.84 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.98 and a beta of 0.83.

ING Group (NYSE:ING) last released its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. ING Group had a net margin of 27.68% and a return on equity of 12.27%. The firm had revenue of $616.97 million for the quarter, compared to the consensus estimate of $6.86 billion. On average, analysts expect that ING Group, N.V. will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of ING Group in a research report on Monday, March 23rd. Jefferies Financial Group assumed coverage on shares of ING Group in a research report on Tuesday, January 27th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a research report on Thursday, March 26th. Wall Street Zen downgraded shares of ING Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Zacks Research downgraded shares of ING Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About ING Group

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.