Personal CFO Solutions LLC trimmed its position in shares of ING Groep (NYSE:ING – Free Report) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,040 shares of the financial services provider’s stock after selling 1,957 shares during the quarter. Personal CFO Solutions LLC’s holdings in ING Groep were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC grew its stake in ING Groep by 19.3% during the first quarter. Beverly Hills Private Wealth LLC now owns 13,624 shares of the financial services provider’s stock worth $162,000 after buying an additional 2,208 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in ING Groep during the first quarter worth about $1,834,000. Ameritas Advisory Services LLC bought a new stake in shares of ING Groep during the first quarter valued at approximately $41,000. Todd Asset Management LLC grew its stake in shares of ING Groep by 0.8% during the first quarter. Todd Asset Management LLC now owns 2,383,347 shares of the financial services provider’s stock valued at $28,290,000 after purchasing an additional 19,224 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of ING Groep by 6,778.0% during the first quarter. Bessemer Group Inc. now owns 84,600 shares of the financial services provider’s stock valued at $1,004,000 after purchasing an additional 83,370 shares during the last quarter. 4.41% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of ING Groep in a research note on Thursday, October 5th. They set a “hold” rating on the stock.
ING Groep Price Performance
ING opened at $13.93 on Tuesday. ING Groep has a one year low of $11.00 and a one year high of $14.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50 day simple moving average is $13.25 and its 200-day simple moving average is $13.50. The stock has a market capitalization of $51.89 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 0.16 and a beta of 1.60.
About ING Groep
ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, 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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