Financial Counselors Inc. increased its position in ING Groep NV (NYSE:ING) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,754 shares of the financial services provider’s stock after buying an additional 312 shares during the period. Financial Counselors Inc.’s holdings in ING Groep NV were worth $328,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd boosted its position in ING Groep NV by 1.3% in the fourth quarter. Orbis Allan Gray Ltd now owns 893,781 shares of the financial services provider’s stock worth $12,602,000 after buying an additional 11,530 shares in the last quarter. Atlas Brown Inc. bought a new position in ING Groep NV during the first quarter worth approximately $196,000. Lincluden Management Ltd. boosted its position in ING Groep NV by 15.5% in the fourth quarter. Lincluden Management Ltd. now owns 264,985 shares of the financial services provider’s stock worth $3,736,000 after buying an additional 35,512 shares in the last quarter. First Republic Investment Management Inc. bought a new position in ING Groep NV during the fourth quarter worth approximately $837,000. Finally, Bessemer Group Inc. boosted its position in ING Groep NV by 5.7% in the fourth quarter. Bessemer Group Inc. now owns 59,900 shares of the financial services provider’s stock worth $845,000 after buying an additional 3,240 shares in the last quarter. 1.82% of the stock is owned by institutional investors and hedge funds.
Shares of ING Groep NV (ING) traded down 1.13% during midday trading on Tuesday, hitting $16.65. 3,452,014 shares of the stock were exchanged. The company has a market capitalization of $64.64 billion, a P/E ratio of 11.95 and a beta of 1.38. The firm has a 50-day moving average of $16.53 and a 200-day moving average of $15.01. ING Groep NV has a 1-year low of $9.26 and a 1-year high of $17.35.
ING Groep NV (NYSE:ING) last posted its earnings results on Wednesday, May 10th. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. ING Groep NV had a net margin of 26.72% and a return on equity of 9.73%. The firm had revenue of $4.68 billion during the quarter. On average, equities analysts expect that ING Groep NV will post $0.90 EPS for the current year.
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ING has been the subject of a number of research reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of ING Groep NV in a research note on Monday, February 13th. Zacks Investment Research cut shares of ING Groep NV from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Deutsche Bank AG reissued a “buy” rating on shares of ING Groep NV in a research note on Tuesday, May 2nd. Jefferies Group LLC initiated coverage on shares of ING Groep NV in a research note on Wednesday, April 19th. They issued a “buy” rating for the company. Finally, ValuEngine raised shares of ING Groep NV from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.00.
ING Groep NV Company Profile
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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