ING Group, N.V. $ING Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in ING Group, N.V. (NYSE:ING) by 134.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 31,334 shares of the financial services provider’s stock after buying an additional 17,945 shares during the quarter. Vise Technologies Inc.’s holdings in ING Group were worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in ING Group by 7.3% in the second quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider’s stock valued at $191,681,000 after buying an additional 593,424 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of ING Group by 2.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,804,829 shares of the financial services provider’s stock valued at $218,535,000 after purchasing an additional 191,101 shares during the last quarter. Northern Trust Corp grew its position in shares of ING Group by 1.7% in the third quarter. Northern Trust Corp now owns 4,456,398 shares of the financial services provider’s stock valued at $116,223,000 after purchasing an additional 73,959 shares during the last quarter. Todd Asset Management LLC grew its position in shares of ING Group by 1.0% in the third quarter. Todd Asset Management LLC now owns 2,795,403 shares of the financial services provider’s stock valued at $72,904,000 after purchasing an additional 26,639 shares during the last quarter. Finally, Citigroup Inc. grew its position in shares of ING Group by 249.9% in the third quarter. Citigroup Inc. now owns 2,047,717 shares of the financial services provider’s stock valued at $53,404,000 after purchasing an additional 1,462,527 shares during the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research note on Friday, May 29th. Morgan Stanley reissued an “equal weight” rating on shares of ING Group in a research note on Monday, March 23rd. Keefe, Bruyette & Woods raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. Zacks Research cut shares of ING Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wall Street Zen cut shares of ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, ING Group has an average rating of “Moderate Buy”.

ING Group Stock Performance

NYSE:ING opened at $29.27 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The firm has a market capitalization of $85.19 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.94 and a beta of 0.84. The firm’s fifty day simple moving average is $29.07 and its 200 day simple moving average is $28.25. ING Group, N.V. has a twelve month low of $20.39 and a twelve month high of $31.40.

ING Group (NYSE:ING) last posted its earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $616.97 million for the quarter, compared to analyst estimates of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. As a group, equities research analysts expect that ING Group, N.V. will post 2.77 earnings per share for the current fiscal year.

ING Group Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.