Fisher Asset Management LLC Acquires 429,562 Shares of ING Groep (NYSE:ING)

Fisher Asset Management LLC increased its holdings in ING Groep (NYSE:ING - Free Report) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,451,083 shares of the financial services provider's stock after acquiring an additional 429,562 shares during the quarter. Fisher Asset Management LLC owned about 1.96% of ING Groep worth $1,243,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ING. Fortitude Family Office LLC purchased a new position in ING Groep during the third quarter valued at $25,000. Summit Securities Group LLC purchased a new position in ING Groep during the second quarter valued at $31,000. Rothschild Investment LLC purchased a new position in ING Groep during the second quarter valued at $31,000. Mather Group LLC. lifted its position in ING Groep by 57.3% during the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider's stock valued at $39,000 after buying an additional 782 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in ING Groep during the second quarter valued at $38,000. Hedge funds and other institutional investors own 4.49% of the company's stock.

Wall Street Analyst Weigh In

ING has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Citigroup upgraded ING Groep to a "strong-buy" rating in a report on Thursday, October 17th. Finally, Barclays downgraded ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 22nd.

ING Groep Stock Up 0.4 %

Shares of NYSE:ING traded up $0.06 on Monday, hitting $15.34. 2,677,195 shares of the company traded hands, compared to its average volume of 2,327,461. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock has a 50 day simple moving average of $17.03 and a 200-day simple moving average of $17.42. The company has a market cap of $53.66 billion, a PE ratio of 6.88, a PEG ratio of 5.95 and a beta of 1.52.

ING Groep 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.