Teachers Retirement System of The State of Kentucky Sells 19,270 Shares of ING Group, N.V. $ING

Teachers Retirement System of The State of Kentucky cut its stake in shares of ING Group, N.V. (NYSE:ING) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,765,380 shares of the financial services provider’s stock after selling 19,270 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ING Group were worth $45,988,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Amundi bought a new position in ING Group during the first quarter worth about $760,000. AQR Capital Management LLC grew its position in shares of ING Group by 27.0% during the 1st quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider’s stock worth $1,709,000 after buying an additional 18,562 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of ING Group by 5.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider’s stock valued at $418,000 after acquiring an additional 1,094 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of ING Group by 19.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 16,823 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 2,745 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of ING Group by 28.9% in the 2nd quarter. Invesco Ltd. now owns 47,534 shares of the financial services provider’s stock valued at $1,040,000 after acquiring an additional 10,650 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ING has been the topic of several recent analyst reports. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research note on Friday, May 29th. Morgan Stanley reiterated an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. Finally, Zacks Research cut shares of ING Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, ING Group has an average rating of “Moderate Buy”.

ING Group Price Performance

Shares of NYSE ING opened at $32.40 on Monday. The company has a fifty day moving average price of $30.67 and a 200 day moving average price of $29.03. The firm has a market cap of $94.28 billion, a PE ratio of 12.80, a PEG ratio of 1.04 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. ING Group, N.V. has a 1-year low of $22.40 and a 1-year high of $32.99.

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

ING Group Company 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.