Creative Planning Boosts Stock Holdings in ING Group, N.V. $ING

Creative Planning grew its stake in shares of ING Group, N.V. (NYSE:ING) by 18.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 303,886 shares of the financial services provider’s stock after buying an additional 46,326 shares during the quarter. Creative Planning’s holdings in ING Group were worth $6,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in ING Group by 2.4% in the first quarter. Goldman Sachs Group Inc. now owns 7,894,501 shares of the financial services provider’s stock valued at $154,653,000 after acquiring an additional 185,506 shares during the last quarter. Northern Trust Corp raised its holdings in shares of ING Group by 4.4% in the 1st quarter. Northern Trust Corp now owns 4,342,916 shares of the financial services provider’s stock worth $85,078,000 after purchasing an additional 181,800 shares during the period. Natixis Advisors LLC lifted its stake in shares of ING Group by 25.7% in the 1st quarter. Natixis Advisors LLC now owns 4,250,850 shares of the financial services provider’s stock valued at $83,274,000 after purchasing an additional 869,281 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of ING Group by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,908,396 shares of the financial services provider’s stock worth $41,737,000 after purchasing an additional 48,023 shares during the period. Finally, Price T Rowe Associates Inc. MD acquired a new stake in ING Group during the 1st quarter worth approximately $36,062,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Trading Up 0.3%

NYSE ING opened at $24.81 on Thursday. The stock has a market cap of $78.07 billion, a P/E ratio of 11.17, a PEG ratio of 1.76 and a beta of 1.05. The company’s fifty day simple moving average is $25.11 and its 200-day simple moving average is $23.41. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.99. ING Group, N.V. has a 52 week low of $15.09 and a 52 week high of $26.59.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cfra Research raised shares of ING Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 25th. Keefe, Bruyette & Woods downgraded shares of ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Morgan Stanley raised shares of ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a report on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About ING Group

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.