ING Groep (NYSE:ING) Downgraded to Equal Weight Rating by Morgan Stanley

ING Groep (NYSE:ING - Get Free Report) was downgraded by Morgan Stanley from an "overweight" rating to an "equal weight" rating in a research note issued on Tuesday, Marketbeat Ratings reports.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut ING Groep from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Citigroup upgraded shares of ING Groep to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, Barclays lowered shares of ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 22nd.

ING Groep Trading Down 1.4 %

ING traded down $0.21 during trading hours on Tuesday, reaching $15.13. The company's stock had a trading volume of 1,562,150 shares, compared to its average volume of 2,323,859. The stock has a market cap of $52.93 billion, a PE ratio of 6.88, a P/E/G ratio of 5.95 and a beta of 1.52. ING Groep has a fifty-two week low of $12.77 and a fifty-two week high of $18.72. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The business's 50-day moving average is $17.03 and its 200-day moving average is $17.42.

Hedge Funds Weigh In On ING Groep

A number of hedge funds and other institutional investors have recently bought and sold shares of ING. Wilmington Savings Fund Society FSB acquired a new stake in shares of ING Groep during the third quarter worth about $257,000. Sanctuary Advisors LLC lifted its holdings in ING Groep by 12.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 103,478 shares of the financial services provider's stock worth $1,879,000 after buying an additional 11,074 shares in the last quarter. Virtu Financial LLC boosted its position in ING Groep by 85.1% in the 3rd quarter. Virtu Financial LLC now owns 35,468 shares of the financial services provider's stock valued at $644,000 after buying an additional 16,310 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of ING Groep by 52.0% in the third quarter. Rehmann Capital Advisory Group now owns 15,471 shares of the financial services provider's stock worth $281,000 after acquiring an additional 5,295 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of ING Groep by 20.5% during the third quarter. Coldstream Capital Management Inc. now owns 19,641 shares of the financial services provider's stock worth $357,000 after acquiring an additional 3,340 shares during the period. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

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.