Fisher Asset Management LLC Sells 2,628,056 Shares of ING Group, N.V. $ING

Fisher Asset Management LLC trimmed its position in ING Group, N.V. (NYSE:ING) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,893,207 shares of the financial services provider’s stock after selling 2,628,056 shares during the period. Fisher Asset Management LLC owned approximately 1.93% of ING Group worth $1,331,734,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in ING Group in the 2nd quarter valued at approximately $37,000. Maseco LLP bought a new position in shares of ING Group during the 2nd quarter worth approximately $48,000. Whipplewood Advisors LLC raised its holdings in shares of ING Group by 17.9% in the second quarter. Whipplewood Advisors LLC now owns 3,558 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 539 shares during the last quarter. Hilltop National Bank bought a new stake in shares of ING Group in the second quarter worth $85,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in ING Group by 14.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 4,000 shares of the financial services provider’s stock worth $87,000 after buying an additional 500 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ING has been the subject of several recent research reports. Keefe, Bruyette & Woods cut ING Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th. Morgan Stanley upgraded ING Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 2nd. Citigroup raised shares of ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research report on Wednesday, November 19th. 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 investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

ING Group Trading Up 0.1%

Shares of ING Group stock opened at $25.94 on Monday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day simple moving average of $25.11 and a two-hundred day simple moving average of $23.67. ING Group, N.V. has a 1 year low of $15.09 and a 1 year high of $26.59. The company has a market capitalization of $81.64 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.85 and a beta of 0.81.

ING Group (NYSE:ING) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.35 billion. ING Group had a net margin of 26.94% and a return on equity of 11.57%. Research analysts forecast that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group 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.