Logan Capital Management Inc. Boosts Stock Position in ING Group, N.V. $ING

Logan Capital Management Inc. boosted its holdings in shares of ING Group, N.V. (NYSE:ING) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 276,801 shares of the financial services provider’s stock after acquiring an additional 28,163 shares during the quarter. Logan Capital Management Inc.’s holdings in ING Group were worth $7,750,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ING. Amundi bought a new stake in shares of ING Group in the first quarter valued at about $760,000. AQR Capital Management LLC grew its holdings in ING Group by 27.0% during the 1st quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider’s stock worth $1,709,000 after acquiring an additional 18,562 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in ING Group by 5.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 1,094 shares in the last quarter. Sivia Capital Partners LLC increased its position in ING Group by 19.5% during 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 during the period. 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. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Group Trading Up 3.4%

Shares of 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 stock has a market capitalization of $86.38 billion, a P/E 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 1-year low of $20.39 and a 1-year high of $31.40. The business has a fifty day moving average price of $29.22 and a 200 day moving average price of $28.32.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wall Street Zen lowered shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Morgan Stanley restated an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. Zacks Research lowered shares of ING Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings restated a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. Finally, Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, 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.