XY Capital Ltd lowered its position in shares of ING Group, N.V. (NYSE:ING – Free Report) by 39.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,933 shares of the financial services provider’s stock after selling 21,056 shares during the quarter. ING Group makes up about 0.8% of XY Capital Ltd’s investment portfolio, making the stock its 27th largest position. XY Capital Ltd’s holdings in ING Group were worth $832,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in ING Group by 7.3% during the 2nd quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider’s stock valued at $191,681,000 after purchasing an additional 593,424 shares during the period. Goldman Sachs Group Inc. grew its position in shares of ING Group by 2.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,804,829 shares of the financial services provider’s stock worth $218,535,000 after buying an additional 191,101 shares during the period. Northern Trust Corp raised its stake in shares of ING Group by 1.7% during the third quarter. Northern Trust Corp now owns 4,456,398 shares of the financial services provider’s stock worth $116,223,000 after buying an additional 73,959 shares during the last quarter. Wells Fargo & Company MN boosted its stake in ING Group by 61.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,700,573 shares of the financial services provider’s stock valued at $75,616,000 after acquiring an additional 1,032,177 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in ING Group by 0.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,784,650 shares of the financial services provider’s stock valued at $49,970,000 after acquiring an additional 6,100 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.
ING Group Stock Performance
Shares of ING Group stock opened at $33.10 on Wednesday. The company has a market capitalization of $96.33 billion, a PE ratio of 13.08, a PEG ratio of 1.04 and a beta of 0.85. ING Group, N.V. has a 12 month low of $22.53 and a 12 month high of $33.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The stock’s fifty day simple moving average is $31.11 and its 200 day simple moving average is $29.25.
Analyst Ratings Changes
ING has been the subject of several recent research reports. Zacks Research cut shares of ING Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Keefe, Bruyette & Woods upgraded ING Group from a “moderate sell” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on ING Group
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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