ING Group, N.V. $ING Shares Sold by XY Capital Ltd

XY Capital Ltd cut its holdings in shares of ING Group, N.V. (NYSE:ING) by 47.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 52,989 shares of the financial services provider’s stock after selling 47,557 shares during the period. ING Group accounts for 0.9% of XY Capital Ltd’s investment portfolio, making the stock its 24th largest holding. XY Capital Ltd’s holdings in ING Group were worth $1,484,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Amundi acquired a new stake in shares of ING Group in the 1st quarter valued at $760,000. AQR Capital Management LLC raised its holdings in shares of ING Group by 27.0% in the 1st quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 18,562 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of ING Group by 5.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 1,094 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of ING Group by 19.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 16,823 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 2,745 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of ING Group by 28.9% in the 2nd quarter. Invesco Ltd. now owns 47,534 shares of the financial services provider’s stock valued at $1,040,000 after purchasing an additional 10,650 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Trading Up 3.4%

NYSE ING opened at $29.68 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day moving average price is $29.22 and its 200 day moving average price is $28.32. The company has a market capitalization of $86.38 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.84. ING Group, N.V. has a 12 month low of $20.39 and a 12 month high of $31.40.

ING Group (NYSE:ING) last posted its earnings results on Friday, May 1st. The financial services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $616.97 million for the quarter, compared to the consensus estimate of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. On average, sell-side analysts expect that ING Group, N.V. will post 2.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ING shares. Wall Street Zen lowered shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings restated a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Zacks Research lowered shares of ING Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Morgan Stanley restated an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. One investment 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 company. According to MarketBeat.com, ING Group has an average 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.