10,300 Shares in ING Group, N.V. (ING) Purchased by Diligent Investors LLC

Diligent Investors LLC bought a new stake in ING Group, N.V. (NYSE:ING) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,300 shares of the financial services provider’s stock, valued at approximately $190,000.

Other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its position in ING Group by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 389 shares during the last quarter. Krilogy Financial LLC bought a new position in ING Group in the second quarter valued at about $127,000. MAI Capital Management bought a new position in ING Group in the second quarter valued at about $178,000. Cambridge Investment Research Advisors Inc. bought a new position in ING Group in the third quarter valued at about $190,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in ING Group in the second quarter valued at about $243,000. Hedge funds and other institutional investors own 2.97% of the company’s stock.

A number of research firms have issued reports on ING. Deutsche Bank AG reiterated a “buy” rating on shares of ING Group in a research report on Thursday, October 12th. Zacks Investment Research cut ING Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. ValuEngine upgraded ING Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. UBS AG restated a “buy” rating on shares of ING Group in a report on Tuesday, September 5th. Finally, Goldman Sachs Group Inc upgraded ING Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.00.

Shares of ING Group, N.V. (NYSE ING) opened at $18.31 on Friday. The firm has a market capitalization of $71,004.34, a PE ratio of 12.21, a PEG ratio of 2.34 and a beta of 1.22. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.09 and a current ratio of 1.09. ING Group, N.V. has a twelve month low of $13.16 and a twelve month high of $19.01.

TRADEMARK VIOLATION WARNING: This report was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://transcriptdaily.com/2017/11/26/10300-shares-in-ing-group-n-v-ing-purchased-by-diligent-investors-llc.html.

ING Group Company Profile

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.

Want to see what other hedge funds are holding ING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ING Group, N.V. (NYSE:ING).

Institutional Ownership by Quarter for ING Group (NYSE:ING)

Receive News & Ratings for ING Group N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Group N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply