Atria Investments Inc Sells 2,884 Shares of ING Group, N.V. $ING

Atria Investments Inc lowered its holdings in ING Group, N.V. (NYSE:ING) by 7.9% during the 2nd quarter, Holdings Channel reports. The firm owned 33,542 shares of the financial services provider’s stock after selling 2,884 shares during the period. Atria Investments Inc’s holdings in ING Group were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its stake in shares of ING Group by 135.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 912 shares during the period. V Square Quantitative Management LLC bought a new position in ING Group during the second quarter valued at about $37,000. Maseco LLP bought a new position in ING Group during the second quarter valued at about $48,000. Whipplewood Advisors LLC increased its holdings in ING Group by 17.9% during the second 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 during the last quarter. Finally, MAI Capital Management raised its position in ING Group by 23.1% in the first quarter. MAI Capital Management now owns 4,190 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 785 shares during the period. Institutional investors own 4.49% of the company’s stock.

ING Group Price Performance

ING Group stock opened at $25.72 on Friday. The firm has a market capitalization of $80.96 billion, a P/E ratio of 11.59, a PEG ratio of 1.83 and a beta of 1.05. ING Group, N.V. has a one year low of $15.09 and a one year high of $26.27. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day moving average price of $24.87 and a 200-day moving average price of $23.07.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Morgan Stanley raised shares of ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 2nd. Weiss Ratings upgraded ING Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Cfra Research raised ING Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 25th. Finally, Barclays raised ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 15th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

ING Group 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.