Creative Planning Increases Holdings in ING Group, N.V. $ING

Creative Planning increased its position in ING Group, N.V. (NYSE:ING) by 18.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,886 shares of the financial services provider’s stock after acquiring an additional 46,326 shares during the period. Creative Planning’s holdings in ING Group were worth $6,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ING. V Square Quantitative Management LLC purchased a new stake in ING Group during the second quarter worth $37,000. Maseco LLP acquired a new position in shares of ING Group during the 2nd quarter worth $48,000. Whipplewood Advisors LLC boosted its position in shares of ING Group by 17.9% in the 2nd quarter. Whipplewood Advisors LLC now owns 3,558 shares of the financial services provider’s stock worth $78,000 after buying an additional 539 shares in the last quarter. Hilltop National Bank acquired a new stake in ING Group in the 2nd quarter valued at about $85,000. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in ING Group by 14.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 4,000 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 500 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Group Stock Up 0.3%

Shares of NYSE ING opened at $24.81 on Thursday. The firm’s 50 day moving average price is $25.11 and its 200 day moving average price is $23.41. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $78.07 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05. ING Group, N.V. has a 1 year low of $15.09 and a 1 year high of $26.59.

ING Group (NYSE:ING) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.35 billion. ING Group had a return on equity of 11.57% and a net margin of 26.94%. As a group, sell-side analysts anticipate that ING Group, N.V. will post 2.14 earnings per share for the current year.

Analyst Ratings Changes

ING has been the topic of several recent research reports. Cfra Research raised shares of ING Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 25th. Morgan Stanley upgraded ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a report on Thursday, November 13th. Finally, Keefe, Bruyette & Woods downgraded ING Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

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.