Wright Investors Service Inc. decreased its position in shares of ING Group, N.V. (NYSE:ING) by 19.2% during the second quarter, Holdings Channel reports. The fund owned 63,285 shares of the financial services provider’s stock after selling 15,020 shares during the period. Wright Investors Service Inc.’s holdings in ING Group, N.V. were worth $1,101,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. US Bancorp DE increased its stake in ING Group, N.V. by 85.1% in the second quarter. US Bancorp DE now owns 124,497 shares of the financial services provider’s stock worth $2,165,000 after buying an additional 57,244 shares during the last quarter. Gradient Investments LLC increased its stake in ING Group, N.V. by 171.9% in the second quarter. Gradient Investments LLC now owns 47,831 shares of the financial services provider’s stock worth $832,000 after buying an additional 30,238 shares during the last quarter. Highland Capital Management LLC increased its stake in ING Group, N.V. by 2.2% in the second quarter. Highland Capital Management LLC now owns 100,186 shares of the financial services provider’s stock worth $1,742,000 after buying an additional 2,160 shares during the last quarter. Aperio Group LLC increased its stake in ING Group, N.V. by 13.5% in the second quarter. Aperio Group LLC now owns 1,004,070 shares of the financial services provider’s stock worth $17,461,000 after buying an additional 119,720 shares during the last quarter. Finally, Rockefeller Financial Services Inc. increased its stake in ING Group, N.V. by 286.5% in the second quarter. Rockefeller Financial Services Inc. now owns 143,031 shares of the financial services provider’s stock worth $2,487,000 after buying an additional 106,020 shares during the last quarter. 1.85% of the stock is currently owned by institutional investors.
Shares of ING Group, N.V. (NYSE:ING) traded up 0.11% during midday trading on Friday, hitting $18.07. 2,121,815 shares of the stock traded hands. ING Group, N.V. has a 12-month low of $10.49 and a 12-month high of $18.17. The company’s 50 day moving average price is $17.34 and its 200-day moving average price is $15.77. The stock has a market cap of $70.15 billion, a price-to-earnings ratio of 12.57 and a beta of 1.14.
ING Group, N.V. (NYSE:ING) last announced its quarterly earnings results on Wednesday, May 10th. The financial services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $4.68 billion for the quarter. ING Group, N.V. had a net margin of 25.61% and a return on equity of 10.47%. On average, equities research analysts expect that ING Group, N.V. will post $0.90 EPS for the current year.
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A number of research firms recently issued reports on ING. BidaskClub raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Deutsche Bank AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, June 20th. ValuEngine raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. HSBC Holdings plc downgraded shares of ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research note on Wednesday, May 31st. Finally, Zacks Investment Research raised shares of ING Group, N.V. from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a research note on Tuesday, May 9th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $17.00.
About ING Group, N.V.
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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