Raymond James Trust N.A. purchased a new stake in shares of ING Groep NV (NYSE:ING) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,894 shares of the financial services provider’s stock, valued at approximately $180,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FTB Advisors Inc. increased its position in shares of ING Groep by 36.3% during the fourth quarter. FTB Advisors Inc. now owns 3,421 shares of the financial services provider’s stock valued at $40,000 after buying an additional 912 shares during the period. Bellecapital International Ltd. increased its position in shares of ING Groep by 7.1% during the third quarter. Bellecapital International Ltd. now owns 16,225 shares of the financial services provider’s stock valued at $170,000 after buying an additional 1,075 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of ING Groep by 80.1% during the third quarter. Steward Partners Investment Advisory LLC now owns 3,169 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,409 shares during the period. Checchi Capital Advisers LLC grew its holdings in ING Groep by 7.2% in the third quarter. Checchi Capital Advisers LLC now owns 23,809 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 1,605 shares during the period. Finally, MAI Capital Management grew its holdings in ING Groep by 17.9% in the second quarter. MAI Capital Management now owns 15,224 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 2,316 shares during the period. Institutional investors own 3.49% of the company’s stock.
A number of equities research analysts have weighed in on ING shares. Zacks Investment Research cut shares of ING Groep from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Barclays upgraded shares of ING Groep from an “underweight” rating to an “equal weight” rating in a report on Wednesday, October 23rd. ValuEngine upgraded shares of ING Groep from a “sell” rating to a “hold” rating in a report on Thursday, January 16th. Goldman Sachs Group restated a “buy” rating on shares of ING Groep in a report on Monday, November 4th. Finally, UBS Group restated a “buy” rating on shares of ING Groep in a report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.08.
Shares of ING opened at $11.81 on Tuesday. The stock has a market cap of $46.01 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 6.84 and a beta of 1.34. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep NV has a fifty-two week low of $9.22 and a fifty-two week high of $13.72. The firm’s 50-day simple moving average is $11.93 and its two-hundred day simple moving average is $11.09.
ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.39 earnings per share for the quarter. The business had revenue of $5.14 billion for the quarter. ING Groep had a net margin of 28.16% and a return on equity of 9.77%. Equities research analysts predict that ING Groep NV will post 1.49 EPS for the current year.
ING Groep Company Profile
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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