Verdence Capital Advisors LLC boosted its position in ING Group, N.V. (NYSE:ING – Free Report) by 13.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,244 shares of the financial services provider’s stock after purchasing an additional 6,805 shares during the quarter. Verdence Capital Advisors LLC’s holdings in ING Group were worth $1,121,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Advisors LLC bought a new position in shares of ING Group in the 1st quarter worth $28,000. SBI Securities Co. Ltd. boosted its holdings in ING Group by 135.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 912 shares in the last quarter. Redwood Investments LLC purchased a new stake in ING Group in the 4th quarter valued at approximately $41,000. Olde Wealth Management LLC acquired a new position in ING Group in the 1st quarter valued at $55,000. Finally, Hexagon Capital Partners LLC increased its holdings in shares of ING Group by 21.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,085 shares of the financial services provider’s stock worth $100,000 after buying an additional 897 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors.
ING Group Stock Up 0.2%
ING stock opened at $22.73 on Friday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.12 and a quick ratio of 1.12. ING Group, N.V. has a fifty-two week low of $15.09 and a fifty-two week high of $23.25. The stock has a market capitalization of $79.50 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.83 and a beta of 1.11. The business has a 50-day moving average of $21.51 and a 200-day moving average of $19.22.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on ING. Cfra Research raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Barclays upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group raised shares of ING Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.
ING Group Company 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.
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