Cerity Partners LLC Raises Stock Position in ING Groep (NYSE:ING)

Cerity Partners LLC increased its holdings in ING Groep (NYSE:ING - Free Report) by 51.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 263,445 shares of the financial services provider's stock after purchasing an additional 89,793 shares during the quarter. Cerity Partners LLC's holdings in ING Groep were worth $4,784,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Natixis Advisors LLC boosted its stake in shares of ING Groep by 71.3% in the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider's stock worth $60,051,000 after acquiring an additional 1,376,713 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in ING Groep during the 3rd quarter worth $7,972,000. Bank of New York Mellon Corp grew its holdings in shares of ING Groep by 150.1% during the second quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider's stock worth $10,267,000 after buying an additional 359,535 shares in the last quarter. Benson Investment Management Company Inc. acquired a new stake in shares of ING Groep in the third quarter valued at about $5,204,000. Finally, Acadian Asset Management LLC purchased a new position in shares of ING Groep in the second quarter worth about $4,626,000. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Groep Trading Up 1.1 %

NYSE:ING traded up $0.18 on Friday, reaching $15.45. The company's stock had a trading volume of 1,562,835 shares, compared to its average volume of 2,322,477. The stock has a 50 day moving average price of $16.78 and a 200 day moving average price of $17.36. ING Groep has a 12-month low of $12.77 and a 12-month 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 firm has a market cap of $54.03 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 5.94 and a beta of 1.52.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ING shares. Citigroup upgraded ING Groep to a "strong-buy" rating in a report on Thursday, October 17th. Morgan Stanley downgraded ING Groep from an "overweight" rating to an "equal weight" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. Finally, Barclays cut shares of ING Groep from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 22nd.

ING Groep 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.