Transmarket Holdings LP reduced its position in shares of ING Group, N.V. (NYSE:ING – Free Report) by 85.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,779 shares of the financial services provider’s stock after selling 196,732 shares during the period. ING Group accounts for approximately 0.7% of Transmarket Holdings LP’s portfolio, making the stock its 28th largest position. Transmarket Holdings LP’s holdings in ING Group were worth $1,199,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ING. QRG Capital Management Inc. grew its stake in shares of ING Group by 91.0% in the first quarter. QRG Capital Management Inc. now owns 341,729 shares of the financial services provider’s stock worth $8,902,000 after purchasing an additional 162,805 shares during the last quarter. Quantinno Capital Management LP increased its holdings in ING Group by 9.5% during the 1st quarter. Quantinno Capital Management LP now owns 1,803,670 shares of the financial services provider’s stock valued at $46,986,000 after purchasing an additional 156,461 shares during the period. Parr Mcknight Wealth Management Group LLC raised its position in ING Group by 954.1% during the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 101,528 shares of the financial services provider’s stock valued at $2,645,000 after purchasing an additional 91,896 shares during the last quarter. Collaborative Fund Advisors LLC bought a new position in ING Group during the 1st quarter valued at approximately $2,113,000. Finally, Elevation Point Wealth Partners LLC raised its position in ING Group by 179.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 112,727 shares of the financial services provider’s stock valued at $2,937,000 after purchasing an additional 72,363 shares during the last quarter. 4.49% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Jefferies Financial Group reiterated a “neutral” rating on shares of ING Group in a report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ING Group in a research note on Tuesday, August 25th. UBS Group restated a “buy” rating on shares of ING Group in a report on Friday, July 31st. DZ Bank restated a “buy” rating on shares of ING Group in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of ING Group in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.
Check Out Our Latest Stock Report on ING Group
ING Group Price Performance
ING stock opened at $32.83 on Thursday. ING Group, N.V. has a 1 year low of $24.08 and a 1 year high of $37.52. The firm has a 50-day moving average of $35.01 and a 200 day moving average of $31.25. The company has a market cap of $93.88 billion, a P/E ratio of 12.25, a PEG ratio of 0.85 and a beta of 0.87.
ING Group (NYSE:ING – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The financial services provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.05). The firm had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $7.06 billion. ING Group had a net margin of 28.15% and a return on equity of 12.59%. On average, equities research analysts expect that ING Group, N.V. will post 2.76 earnings per share for the current fiscal year.
ING Group Company Profile
ING Groep N.V. is a Netherlands-based international banking group headquartered in Amsterdam. Through its principal banking operations, ING provides retail and commercial banking services to individuals, businesses and institutions, with a strong emphasis on digital banking and mobile financial services.
The company’s products and services include current and savings accounts, consumer and residential lending, business loans, payments, investment services, and wholesale banking. Its wholesale banking operations serve corporate and institutional clients with services such as lending, transaction banking, financial markets, and corporate finance.
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