UBS Group AG trimmed its position in ING Group, N.V. (NYSE:ING – Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 486,662 shares of the financial services provider’s stock after selling 32,351 shares during the period. UBS Group AG’s holdings in ING Group were worth $13,627,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. YANKCOM Partnership grew its stake in ING Group by 197.2% in the fourth quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 629 shares in the last quarter. Binnacle Investments Inc boosted its holdings in ING Group by 57.0% in the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 395 shares during the period. Sound Income Strategies LLC boosted its holdings in ING Group by 129.1% in the fourth quarter. Sound Income Strategies LLC now owns 1,283 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 723 shares during the period. Root Financial Partners LLC acquired a new position in ING Group in the third quarter worth $34,000. Finally, Maseco LLP acquired a new position in ING Group in the fourth quarter worth $67,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
ING has been the subject of a number of research reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. Jefferies Financial Group initiated coverage on shares of ING Group in a report on Tuesday, January 27th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of ING Group from a “hold” rating to a “buy” rating in a report on Monday, February 2nd. Wall Street Zen downgraded ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Zacks Research downgraded ING Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
ING Group Stock Performance
Shares of ING opened at $30.08 on Friday. ING Group, N.V. has a 1 year low of $20.39 and a 1 year high of $31.17. The company has a market cap of $87.54 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a fifty day moving average of $27.53 and a 200-day moving average of $27.62.
ING Group (NYSE:ING – Get Free Report) 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. ING Group had a net margin of 27.68% and a return on equity of 12.27%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $6.86 billion. As a group, equities analysts anticipate that ING Group, N.V. will post 2.76 earnings per share for the current year.
About ING Group
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.
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