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

Vise Technologies Inc. increased its stake in shares of ING Group, N.V. (NYSE:ING) by 63.3% in the third quarter, HoldingsChannel reports. The firm owned 96,018 shares of the financial services provider’s stock after buying an additional 37,237 shares during the period. Vise Technologies Inc.’s holdings in ING Group were worth $3,409,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Confluence Investment Management LLC grew its stake in ING Group by 0.6% in the third quarter. Confluence Investment Management LLC now owns 56,923 shares of the financial services provider’s stock valued at $2,021,000 after purchasing an additional 334 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in ING Group by 1.5% in the second quarter. Rehmann Capital Advisory Group now owns 22,251 shares of the financial services provider’s stock worth $698,000 after purchasing an additional 336 shares in the last quarter. Greenspring Advisors LLC lifted its position in shares of ING Group by 3.1% during the second quarter. Greenspring Advisors LLC now owns 11,216 shares of the financial services provider’s stock valued at $352,000 after buying an additional 339 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of ING Group by 6.7% during the third quarter. Manchester Capital Management LLC now owns 5,386 shares of the financial services provider’s stock valued at $191,000 after buying an additional 340 shares during the last quarter. Finally, Contravisory Investment Management Inc. lifted its position in shares of ING Group by 3.5% during the second quarter. Contravisory Investment Management Inc. now owns 10,309 shares of the financial services provider’s stock valued at $323,000 after buying an additional 349 shares during the last quarter. Institutional investors own 4.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating on shares of ING Group in a report on Friday, August 7th. DZ Bank reiterated a “buy” rating on shares of ING Group in a research note on Tuesday, August 4th. UBS Group reissued a “buy” rating on shares of ING Group in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ING Group in a research note on Tuesday, August 25th. Finally, Zacks Research upgraded shares of ING Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, ING Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

ING Group Price Performance

Shares of ING stock opened at $30.93 on Wednesday. ING Group, N.V. has a 1-year low of $24.35 and a 1-year high of $37.52. The stock’s fifty day moving average price is $34.75 and its 200 day moving average price is $31.31. The company has a market cap of $88.45 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89.

ING Group Profile

ING Groep N.V. is a Netherlands-based international banking group headquartered in Amsterdam. Through its principal banking operations, ING provides retail and commercial banking services to individuals, businesses and institutions, with a strong emphasis on digital banking and mobile financial services.

The company’s products and services include current and savings accounts, consumer and residential lending, business loans, payments, investment services, and wholesale banking. Its wholesale banking operations serve corporate and institutional clients with services such as lending, transaction banking, financial markets, and corporate finance.