ING Group, N.V. $ING Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in shares of ING Group, N.V. (NYSE:ING) by 9.5% in the first quarter, Holdings Channel reports. The institutional investor owned 1,803,670 shares of the financial services provider’s stock after acquiring an additional 156,461 shares during the quarter. Quantinno Capital Management LP’s holdings in ING Group were worth $46,986,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ING. Themes Management Co LLC lifted its stake in shares of ING Group by 9.9% in the 1st quarter. Themes Management Co LLC now owns 36,997 shares of the financial services provider’s stock valued at $964,000 after purchasing an additional 3,347 shares during the last quarter. Van Diest Capital LLC acquired a new position in shares of ING Group in the 1st quarter worth approximately $425,000. GC Wealth Management RIA LLC boosted its position in shares of ING Group by 16.8% during the 1st quarter. GC Wealth Management RIA LLC now owns 29,604 shares of the financial services provider’s stock worth $771,000 after purchasing an additional 4,256 shares during the period. Compound Planning Inc. increased its holdings in ING Group by 0.7% in the 1st quarter. Compound Planning Inc. now owns 58,784 shares of the financial services provider’s stock valued at $1,531,000 after purchasing an additional 407 shares during the last quarter. Finally, Gibbs Wealth Management purchased a new stake in ING Group in the first quarter valued at approximately $817,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Group Stock Performance

NYSE:ING opened at $32.47 on Thursday. The company has a fifty day simple moving average of $31.50 and a two-hundred day simple moving average of $29.45. The company has a market cap of $92.88 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 0.83 and a beta of 0.85. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73. ING Group, N.V. has a 52 week low of $22.53 and a 52 week high of $33.60.

ING Group (NYSE:ING) last posted its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 12.27% and a net margin of 27.68%. As a group, equities analysts anticipate that ING Group, N.V. will post 2.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ING. Zacks Research upgraded ING Group from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About ING Group

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.