ING Group, N.V. $ING Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its stake in shares of ING Group, N.V. (NYSE:ING) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,804,829 shares of the financial services provider’s stock after purchasing an additional 191,101 shares during the quarter. Goldman Sachs Group Inc. owned about 0.27% of ING Group worth $218,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aprio Wealth Management LLC raised its position in shares of ING Group by 1.6% during 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 raised its position in shares of ING Group by 57.0% during 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. raised its position in shares of ING Group by 0.6% during 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. Prospera Financial Services Inc raised 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 worth $425,000 after purchasing an additional 460 shares during the period. Finally, Checchi Capital Advisers LLC raised its position in shares of ING Group by 2.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 18,961 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 476 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Stock Performance

Shares of ING stock opened at $29.69 on Friday. ING Group, N.V. has a 12-month low of $20.39 and a 12-month high of $31.40. The firm has a market capitalization of $86.42 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The business has a 50 day simple moving average of $28.90 and a 200 day simple moving average of $28.17. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11.

ING Group (NYSE:ING) last issued its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. ING Group had a return on equity of 12.27% and a net margin of 27.68%.The business had revenue of $616.97 million during the quarter, compared to analyst estimates of $6.86 billion. On average, equities research analysts anticipate that ING Group, N.V. will post 2.77 EPS for the current year.

Wall Street Analysts Forecast Growth

ING has been the topic of a number of research reports. Wall Street Zen cut ING Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research lowered ING Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Keefe, Bruyette & Woods raised ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

ING Group Company 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.