1,409 Shares in ING Group, N.V. (NYSE:ING) Acquired by Legacy Advisors LLC

Legacy Advisors LLC bought a new stake in shares of ING Group, N.V. (NYSE:ING) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,409 shares of the financial services provider’s stock, valued at approximately $28,000.

Several other large investors have also bought and sold shares of ING. Redwood Investments LLC bought a new position in ING Group during the 4th quarter worth approximately $41,000. IFP Advisors Inc boosted its stake in shares of ING Group by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after buying an additional 621 shares during the last quarter. Whipplewood Advisors LLC bought a new position in ING Group in the fourth quarter valued at approximately $55,000. SRS Capital Advisors Inc. grew its stake in shares of ING Group by 20.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider’s stock valued at $62,000 after buying an additional 665 shares in the last quarter. Finally, Sage Mountain Advisors LLC bought a new position in shares of ING Group in the 4th quarter valued at about $157,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ING shares. Cfra Research raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group raised ING Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

ING Group Stock Down 0.2%

Shares of NYSE ING opened at $21.32 on Thursday. The stock has a 50-day moving average price of $20.58 and a two-hundred day moving average price of $18.46. The company has a market cap of $74.56 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 2.03 and a beta of 1.13. ING Group, N.V. has a 12 month low of $15.09 and a 12 month high of $21.76. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.86.

ING Group (NYSE:ING) last issued its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. ING Group had a return on equity of 11.68% and a net margin of 27.70%. As a group, analysts forecast that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

About ING Group

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.