PDS Planning Inc Acquires 963 Shares of ING Group, N.V. (NYSE:ING)

PDS Planning Inc boosted its holdings in shares of ING Group, N.V. (NYSE:ING) by 6.7% during the 1st quarter, Holdings Channel reports. The firm owned 15,435 shares of the financial services provider’s stock after buying an additional 963 shares during the period. PDS Planning Inc’s holdings in ING Group were worth $302,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Legacy Advisors LLC purchased a new stake in ING Group during the 1st quarter valued at approximately $28,000. Redwood Investments LLC bought a new stake in ING Group in the 4th quarter valued at $41,000. IFP Advisors Inc increased its holdings in ING Group by 25.1% in the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 621 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in ING Group in the 4th quarter worth $55,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of ING Group by 20.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 665 shares during the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Group Price Performance

ING Group stock opened at $22.00 on Friday. ING Group, N.V. has a 52-week low of $15.09 and a 52-week high of $22.07. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.86. The firm’s fifty day moving average is $20.71 and its 200 day moving average is $18.54. The company has a market cap of $76.94 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.04 and a beta of 1.13.

ING Group (NYSE:ING) last posted its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). ING Group had a return on equity of 11.68% and a net margin of 27.70%. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. Sell-side analysts forecast that ING Group, N.V. will post 2.14 EPS for the current fiscal year.

Analyst Ratings Changes

ING has been the topic of several research reports. The Goldman Sachs Group raised ING Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 27th. Cfra Research upgraded ING Group from a “moderate sell” rating to a “hold” rating in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average 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.