Capital Bank & Trust Co lifted its stake in shares of ING Groep NV (NYSE:ING) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,312 shares of the financial services provider’s stock after purchasing an additional 27,610 shares during the quarter. Capital Bank & Trust Co’s holdings in ING Groep were worth $7,724,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of ING Groep by 161.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 7,592,428 shares of the financial services provider’s stock valued at $132,032,000 after acquiring an additional 4,687,122 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of ING Groep by 6.0% in the third quarter. Fisher Asset Management LLC now owns 38,178,130 shares of the financial services provider’s stock valued at $703,241,000 after acquiring an additional 2,168,788 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of ING Groep by 155.0% in the second quarter. Wells Fargo & Company MN now owns 2,858,329 shares of the financial services provider’s stock valued at $49,706,000 after acquiring an additional 1,737,235 shares in the last quarter. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of ING Groep in the third quarter valued at $22,685,000. Finally, Assetmark Inc. lifted its position in ING Groep by 5,421.5% during the third quarter. Assetmark Inc. now owns 711,665 shares of the financial services provider’s stock worth $13,109,000 after buying an additional 698,776 shares during the period. Institutional investors and hedge funds own 2.97% of the company’s stock.
ING Groep NV (NYSE ING) traded up $0.42 during mid-day trading on Monday, hitting $18.55. The stock had a trading volume of 9,069,100 shares, compared to its average volume of 3,443,452. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.05. ING Groep NV has a fifty-two week low of $13.63 and a fifty-two week high of $19.01. The firm has a market capitalization of $71,540.00, a price-to-earnings ratio of 12.37, a P/E/G ratio of 2.34 and a beta of 1.20.
ING has been the topic of several recent analyst reports. Goldman Sachs Group upgraded ING Groep from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. UBS restated a “buy” rating on shares of ING Groep in a report on Tuesday, September 5th. Deutsche Bank restated a “buy” rating on shares of ING Groep in a report on Thursday, October 12th. Zacks Investment Research downgraded ING Groep from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Finally, ValuEngine upgraded ING Groep from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. ING Groep currently has an average rating of “Buy” and an average target price of $17.50.
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ING Groep 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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