Envestnet Asset Management Inc. grew its holdings in ING Groep NV (NYSE:ING) by 39.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 694,515 shares of the financial services provider’s stock after purchasing an additional 196,177 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ING Groep were worth $12,791,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of ING. Quadrant Capital Group LLC raised its holdings in shares of ING Groep by 5.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 389 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of ING Groep in the 2nd quarter valued at about $127,000. MAI Capital Management bought a new stake in shares of ING Groep in the 2nd quarter valued at about $178,000. Diligent Investors LLC bought a new stake in shares of ING Groep in the 3rd quarter valued at about $190,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of ING Groep in the 3rd quarter valued at about $190,000. Institutional investors and hedge funds own 2.97% of the company’s stock.
Shares of ING Groep NV (NYSE ING) traded down $0.15 during trading on Thursday, hitting $17.72. 3,063,200 shares of the stock were exchanged, compared to its average volume of 3,424,905. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.09 and a current ratio of 1.09. ING Groep NV has a 52-week low of $13.63 and a 52-week high of $19.01. The stock has a market cap of $69,298.08, a P/E ratio of 11.91, a P/E/G ratio of 2.26 and a beta of 1.20.
A number of research analysts have recently issued reports on ING shares. ValuEngine raised shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a research report on Wednesday. Zacks Investment Research raised shares of ING Groep from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday. Deutsche Bank reaffirmed a “buy” rating on shares of ING Groep in a research report on Thursday, October 12th. Finally, UBS reaffirmed a “buy” rating on shares of ING Groep in a research report on Tuesday, September 5th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $17.50.
ING Groep Company Profile
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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