Global Retirement Partners LLC Has $1.19 Million Stake in ING Group, N.V. $ING

Global Retirement Partners LLC raised its stake in shares of ING Group, N.V. (NYSE:ING) by 221.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,438 shares of the financial services provider’s stock after acquiring an additional 29,226 shares during the quarter. Global Retirement Partners LLC’s holdings in ING Group were worth $1,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ING. TD Private Client Wealth LLC boosted its stake in shares of ING Group by 10.5% during the 4th quarter. TD Private Client Wealth LLC now owns 14,621 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 1,385 shares in the last quarter. Abacus Wealth Partners LLC bought a new position in shares of ING Group in the 4th quarter valued at approximately $1,378,000. May Hill Capital LLC acquired a new stake in ING Group in the 4th quarter worth approximately $202,000. Northwestern Mutual Wealth Management Co. lifted its holdings in ING Group by 4,512.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 911,413 shares of the financial services provider’s stock worth $25,520,000 after purchasing an additional 891,652 shares during the last quarter. Finally, Allworth Financial LP boosted its position in ING Group by 33.5% during the fourth quarter. Allworth Financial LP now owns 8,981 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 2,255 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Stock Up 0.1%

Shares of ING stock opened at $30.53 on Tuesday. ING Group, N.V. has a 12 month low of $20.39 and a 12 month high of $31.17. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73. The firm has a market cap of $88.84 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83. The stock has a 50 day moving average of $27.98 and a 200-day moving average of $27.88.

ING Group (NYSE:ING) last announced its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. ING Group had a net margin of 27.68% and a return on equity of 12.27%. The business had revenue of $616.97 million for the quarter, compared to the consensus estimate of $6.86 billion. On average, equities analysts predict that ING Group, N.V. will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

ING has been the topic of a number of recent analyst reports. Zacks Research lowered shares of ING Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Keefe, Bruyette & Woods raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Wall Street Zen downgraded shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Morgan Stanley reissued an “equal weight” rating on shares of ING Group in a research report on Monday, March 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of ING Group from a “hold” rating to a “buy” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, ING Group presently has a consensus rating of “Moderate Buy”.

About ING Group

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.