Dorsey & Whitney Trust CO LLC Purchases 17,917 Shares of ING Groep (NYSE:ING)

Dorsey & Whitney Trust CO LLC increased its position in ING Groep (NYSE:INGGet Rating) by 66.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,752 shares of the financial services provider’s stock after buying an additional 17,917 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in ING Groep were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ING. Financial Management Professionals Inc. purchased a new position in shares of ING Groep during the second quarter valued at approximately $26,000. Spire Wealth Management increased its stake in shares of ING Groep by 112.5% during the second quarter. Spire Wealth Management now owns 3,232 shares of the financial services provider’s stock valued at $32,000 after buying an additional 1,711 shares during the period. Prospera Financial Services Inc purchased a new position in shares of ING Groep during the first quarter valued at approximately $54,000. CWM LLC increased its stake in shares of ING Groep by 73.7% during the second quarter. CWM LLC now owns 6,226 shares of the financial services provider’s stock valued at $62,000 after buying an additional 2,641 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in ING Groep by 2,450.8% in the second quarter. EverSource Wealth Advisors LLC now owns 7,525 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 7,230 shares during the period. Institutional investors own 4.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ING has been the topic of several recent research reports. Royal Bank of Canada upped their price target on ING Groep from €11.75 ($11.99) to €13.00 ($13.27) and gave the stock a “sector perform” rating in a research note on Monday, November 7th. Morgan Stanley upped their price target on ING Groep from €14.00 ($14.29) to €16.00 ($16.33) and gave the stock an “overweight” rating in a research note on Friday, November 18th. Deutsche Bank Aktiengesellschaft upped their price target on ING Groep from €15.00 ($15.31) to €16.00 ($16.33) in a research note on Wednesday, November 9th. JPMorgan Chase & Co. upped their price target on ING Groep from €12.80 ($13.06) to €13.00 ($13.27) in a research note on Wednesday, September 7th. Finally, Societe Generale reduced their price target on ING Groep from €14.00 ($14.29) to €12.50 ($12.76) in a research note on Friday, November 4th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.87.

ING Groep Trading Down 0.3 %

NYSE ING opened at $11.85 on Thursday. ING Groep has a 12 month low of $8.14 and a 12 month high of $15.97. The stock has a market cap of $46.22 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.84 and a beta of 1.56. The stock’s fifty day moving average price is $9.82 and its 200-day moving average price is $9.77. The company has a current ratio of 1.09, a quick ratio of 1.10 and a debt-to-equity ratio of 1.65.

About ING Groep

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ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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