Moors & Cabot Inc. Makes New Investment in ING Group, N.V. $ING

Moors & Cabot Inc. acquired a new stake in shares of ING Group, N.V. (NYSE:ING) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the financial services provider’s stock, valued at approximately $219,000.

Several other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. increased its stake in shares of ING Group by 135.3% during the first 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 in the last quarter. V Square Quantitative Management LLC acquired a new stake in ING Group in the 2nd quarter worth about $37,000. Maseco LLP acquired a new stake in ING Group in the 2nd quarter worth about $48,000. Whipplewood Advisors LLC increased its stake in ING Group by 17.9% during the 2nd 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 in the last quarter. Finally, Hilltop National Bank purchased a new stake in ING Group during the 2nd quarter worth approximately $85,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Stock Performance

NYSE ING opened at $25.72 on Monday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s fifty day moving average is $24.87 and its two-hundred day moving average is $23.10. The firm has a market capitalization of $80.96 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05. ING Group, N.V. has a fifty-two week low of $15.09 and a fifty-two week high of $26.27.

ING Group (NYSE:ING) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.35 billion. On average, research analysts anticipate that ING Group, N.V. will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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