ING Groep (NYSE:ING) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in ING Groep (NYSE:ING - Free Report) by 96.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,584 shares of the financial services provider's stock after selling 1,372,029 shares during the quarter. Jane Street Group LLC's holdings in ING Groep were worth $810,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of ING Groep by 150.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider's stock worth $10,267,000 after acquiring an additional 359,535 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in ING Groep by 82.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 21,213 shares of the financial services provider's stock valued at $364,000 after purchasing an additional 9,562 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of ING Groep in the second quarter valued at $31,000. Commonwealth Equity Services LLC raised its stake in shares of ING Groep by 50.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,839 shares of the financial services provider's stock worth $391,000 after buying an additional 7,684 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of ING Groep by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 86,574 shares of the financial services provider's stock worth $1,484,000 after buying an additional 830 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ING shares. Barclays downgraded shares of ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut ING Groep from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Morgan Stanley cut ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, November 26th. Finally, Citigroup raised ING Groep to a "strong-buy" rating in a research note on Thursday, October 17th.

ING Groep Trading Down 1.0 %

Shares of ING traded down $0.16 on Thursday, hitting $15.51. 2,385,276 shares of the stock traded hands, compared to its average volume of 2,301,273. ING Groep has a 1 year low of $12.77 and a 1 year high of $18.72. The stock's 50 day moving average is $15.81 and its two-hundred day moving average is $17.02. The firm has a market capitalization of $54.26 billion, a P/E ratio of 6.96, a P/E/G ratio of 5.97 and a beta of 1.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89.

About ING Groep

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.