Charles Schwab Investment Management Inc. grew its holdings in ING Groep (NYSE:ING - Free Report) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,174 shares of the financial services provider's stock after purchasing an additional 32,701 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in ING Groep were worth $3,853,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA purchased a new position in shares of ING Groep during the third quarter valued at approximately $2,428,000. King Luther Capital Management Corp lifted its stake in shares of ING Groep by 9.1% during the third quarter. King Luther Capital Management Corp now owns 19,836 shares of the financial services provider's stock valued at $360,000 after buying an additional 1,648 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ING Groep during the third quarter valued at approximately $2,004,000. PNC Financial Services Group Inc. lifted its stake in shares of ING Groep by 3.7% during the third quarter. PNC Financial Services Group Inc. now owns 84,236 shares of the financial services provider's stock valued at $1,530,000 after buying an additional 2,980 shares during the period. Finally, Caprock Group LLC lifted its stake in shares of ING Groep by 4.9% during the third quarter. Caprock Group LLC now owns 97,105 shares of the financial services provider's stock valued at $1,763,000 after buying an additional 4,519 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.
ING Groep Stock Up 1.6 %
ING traded up $0.25 during trading hours on Friday, reaching $15.53. 1,367,220 shares of the stock traded hands, compared to its average volume of 2,308,430. The company has a market cap of $54.33 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 6.07 and a beta of 1.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a fifty-two week low of $12.77 and a fifty-two week high of $18.72. The firm's fifty day simple moving average is $16.30 and its two-hundred day simple moving average is $17.21.
Analyst Upgrades and Downgrades
ING has been the topic of a number of recent analyst reports. Morgan Stanley downgraded shares of ING Groep from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft downgraded shares of ING Groep from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Citigroup raised shares of ING Groep to a "strong-buy" rating in a research note on Thursday, October 17th. Finally, Barclays downgraded shares of ING Groep from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 22nd.
View Our Latest Analysis on ING Groep
ING Groep Company Profile
(
Free Report)
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.
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