O Shaughnessy Asset Management LLC Has $15.18 Million Holdings in ING Group, N.V. $ING

O Shaughnessy Asset Management LLC lifted its holdings in shares of ING Group, N.V. (NYSE:ING) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 542,264 shares of the financial services provider’s stock after purchasing an additional 32,866 shares during the period. O Shaughnessy Asset Management LLC’s holdings in ING Group were worth $15,183,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Aprio Wealth Management LLC lifted its holdings in shares of ING Group by 1.6% during the fourth 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 holdings in shares of ING Group by 57.0% during the third 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 holdings in shares of ING Group by 0.6% during the third 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 lifted its holdings in shares of ING Group by 3.1% during the fourth 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 lifted its holdings in shares of ING Group by 2.6% during the fourth 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. Institutional investors and hedge funds own 4.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings reiterated 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. Wall Street Zen lowered shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Morgan Stanley reiterated 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 issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

ING Group Price Performance

ING stock opened at $29.27 on Wednesday. The firm has a market cap of $85.19 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.94 and a beta of 0.84. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73. ING Group, N.V. has a 12-month low of $20.39 and a 12-month high of $31.40. The company’s fifty day simple moving average is $29.07 and its 200 day simple moving average is $28.25.

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

ING Group 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.