ING Groep (NYSE:ING) Shares Gap Down - Should You Sell?

ING Groep (NYSE:ING - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $15.64, but opened at $15.10. ING Groep shares last traded at $15.24, with a volume of 476,235 shares changing hands.

Analyst Upgrades and Downgrades

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

ING Groep Price Performance

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock has a market cap of $53.45 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 6.09 and a beta of 1.52. The company has a 50 day simple moving average of $17.09 and a 200-day simple moving average of $17.43.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Beverly Hills Private Wealth LLC increased its position in ING Groep by 4.7% during the second quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider's stock worth $230,000 after buying an additional 602 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of ING Groep by 3.8% during the 2nd quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider's stock worth $300,000 after buying an additional 637 shares during the last quarter. Pzena Investment Management LLC grew its stake in ING Groep by 1.2% in the 2nd quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider's stock valued at $922,000 after buying an additional 640 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of ING Groep by 6.5% during the third quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider's stock worth $204,000 after purchasing an additional 684 shares during the period. Finally, Wedmont Private Capital grew its holdings in ING Groep by 6.6% in the 3rd quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider's stock valued at $195,000 after buying an additional 688 shares in the last quarter. Institutional investors own 4.49% of the company's stock.

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.