Sei Investments Co. Has $16.78 Million Stake in ING Group, N.V. $ING

Sei Investments Co. reduced its stake in shares of ING Group, N.V. (NYSE:ING – Free Report) by 11.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 644,227 shares of the financial services provider’s stock after selling 86,534 shares during the period. Sei Investments Co.’s holdings in ING Group were worth $16,782,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ING. Lido Advisors LLC raised its position in ING Group by 18.0% in the 1st quarter. Lido Advisors LLC now owns 55,885 shares of the financial services provider’s stock valued at $1,456,000 after buying an additional 8,508 shares during the last quarter. Cetera Investment Advisers boosted its holdings in ING Group by 1.3% during the 1st quarter. Cetera Investment Advisers now owns 223,119 shares of the financial services provider’s stock worth $5,812,000 after acquiring an additional 2,866 shares during the last quarter. NewEdge Wealth LLC grew its stake in shares of ING Group by 13.6% in the 1st quarter. NewEdge Wealth LLC now owns 51,951 shares of the financial services provider’s stock worth $1,353,000 after acquiring an additional 6,218 shares in the last quarter. Summit Global Investments grew its stake in shares of ING Group by 8.0% in the 1st quarter. Summit Global Investments now owns 15,885 shares of the financial services provider’s stock worth $414,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of ING Group by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 313,500 shares of the financial services provider’s stock valued at $8,167,000 after purchasing an additional 1,467 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

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ING Group Stock Down 2.4%

ING stock opened at $32.47 on Thursday. The stock’s fifty day simple moving average is $31.50 and its two-hundred day simple moving average is $29.45. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. ING Group, N.V. has a 1-year low of $22.53 and a 1-year high of $33.60. The stock has a market cap of $92.88 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.83 and a beta of 0.85.

ING Group (NYSE:ING – Get Free Report) last released its earnings results on Friday, May 1st. The financial services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $616.97 million for the quarter, compared to analysts’ expectations of $6.86 billion. ING Group had a return on equity of 12.27% and a net margin of 27.68%. Analysts expect that ING Group, N.V. will post 2.87 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ING. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research report on Friday, May 29th. Zacks Research upgraded shares of ING Group from a “strong sell” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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ING Group Profile

(Free Report)

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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