ING Groep (NYSE:ING) Shares Acquired by Fiduciary Trust Co

Fiduciary Trust Co boosted its position in shares of ING Groep (NYSE:ING) by 14.2% in the third quarter, Holdings Channel.com reports. The firm owned 30,019 shares of the financial services provider’s stock after acquiring an additional 3,735 shares during the period. Fiduciary Trust Co’s holdings in ING Groep were worth $545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in ING Groep in the 3rd quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in ING Groep in the second quarter valued at about $31,000. Rothschild Investment LLC acquired a new stake in ING Groep during the 2nd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in ING Groep during the 2nd quarter worth approximately $38,000. Finally, Mather Group LLC. raised its position in shares of ING Groep by 57.3% in the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Up 1.2 %

ING stock opened at $15.45 on Friday. The firm has a market cap of $54.05 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 5.94 and a beta of 1.52. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72. The firm has a fifty day moving average price of $16.78 and a two-hundred day moving average price of $17.36. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13.

Analyst Ratings Changes

Several research firms recently issued reports on ING. Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barclays cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th. Finally, Citigroup raised ING Groep to a “strong-buy” rating in a report on Thursday, October 17th.

ING Groep Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.