Optas LLC Has $366,000 Position in ING Group, N.V. $ING

Optas LLC lowered its holdings in ING Group, N.V. (NYSE:ING) by 53.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,052 shares of the financial services provider’s stock after selling 16,311 shares during the period. Optas LLC’s holdings in ING Group were worth $366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ING. Y Intercept Hong Kong Ltd grew its holdings in shares of ING Group by 156.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 118,228 shares of the financial services provider’s stock valued at $3,080,000 after buying an additional 72,121 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its stake in ING Group by 179.3% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 112,727 shares of the financial services provider’s stock worth $2,937,000 after acquiring an additional 72,363 shares in the last quarter. Keybank National Association OH boosted its position in ING Group by 57.0% during the 1st quarter. Keybank National Association OH now owns 31,526 shares of the financial services provider’s stock worth $821,000 after acquiring an additional 11,444 shares during the period. Pzena Investment Management LLC boosted its position in ING Group by 17.0% during the 1st quarter. Pzena Investment Management LLC now owns 80,698 shares of the financial services provider’s stock worth $2,102,000 after acquiring an additional 11,736 shares during the period. Finally, First Pacific Financial grew its stake in ING Group by 2.2% during the 1st quarter. First Pacific Financial now owns 45,844 shares of the financial services provider’s stock valued at $1,194,000 after acquiring an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Stock Performance

Shares of ING stock opened at $32.09 on Friday. ING Group, N.V. has a fifty-two week low of $22.28 and a fifty-two week high of $32.40. The stock’s 50-day moving average is $30.22 and its two-hundred day moving average is $28.86. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $93.41 billion, a P/E ratio of 12.69, a PEG ratio of 1.03 and a beta of 0.85.

ING Group (NYSE:ING) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $616.97 million during the quarter, compared to analyst estimates of $6.86 billion. ING Group had a return on equity of 12.27% and a net margin of 27.68%. Analysts predict that ING Group, N.V. will post 2.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

ING has been the topic of a number of research reports. Wall Street Zen downgraded ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Zacks Research downgraded shares of ING Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Morgan Stanley reiterated an “equal weight” rating on shares of ING Group in a research note on Monday, March 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a research report on Friday, May 29th. Finally, Keefe, Bruyette & Woods raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

ING Group Profile

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.