Truist Financial Corp decreased its position in shares of ING Groep (NYSE:ING – Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,293 shares of the financial services provider’s stock after selling 2,164 shares during the period. Truist Financial Corp’s holdings in ING Groep were worth $3,204,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in ING Groep by 19.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 21,696 shares of the financial services provider’s stock valued at $286,000 after buying an additional 3,483 shares during the last quarter. Advisor Partners II LLC increased its stake in shares of ING Groep by 10.5% during the third quarter. Advisor Partners II LLC now owns 152,514 shares of the financial services provider’s stock worth $2,010,000 after acquiring an additional 14,455 shares during the period. Paradigm Asset Management Co. LLC raised its holdings in ING Groep by 122.6% during the third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 3,800 shares in the last quarter. Beck Bode LLC acquired a new stake in ING Groep in the third quarter valued at about $635,000. Finally, Channing Global Advisors LLC boosted its holdings in ING Groep by 14.9% in the 3rd quarter. Channing Global Advisors LLC now owns 47,004 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 6,095 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.
ING Groep Stock Performance
Shares of ING stock opened at $17.35 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.24. ING Groep has a 12-month low of $12.02 and a 12-month high of $17.44. The company has a market cap of $60.69 billion, a price-to-earnings ratio of 7.68 and a beta of 1.56. The stock has a 50 day simple moving average of $15.86 and a 200-day simple moving average of $14.58.
ING Groep Increases Dividend
ING Groep Company 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.
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