ING Groep (NYSE:ING) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of ING Groep (NYSE:ING - Free Report) by 71.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,306,798 shares of the financial services provider's stock after purchasing an additional 1,376,713 shares during the period. Natixis Advisors LLC owned approximately 0.09% of ING Groep worth $60,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ING. Fortitude Family Office LLC bought a new stake in ING Groep in the third quarter worth $25,000. Summit Securities Group LLC purchased a new stake in shares of ING Groep in the 2nd quarter worth $31,000. Rothschild Investment LLC bought a new stake in ING Groep during the 2nd quarter worth approximately $31,000. Mather Group LLC. lifted its stake in shares of ING Groep by 57.3% during the 3rd 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ING Groep in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 4.49% of the company's stock.

Wall Street Analysts Forecast Growth

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

ING Groep Price Performance

Shares of ING stock traded up $0.26 on Friday, reaching $15.74. 3,733,430 shares of the company were exchanged, compared to its average volume of 2,003,215. ING Groep has a 1 year low of $12.77 and a 1 year high of $18.72. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50-day moving average price of $17.32 and a 200 day moving average price of $17.48. The company has a market cap of $55.06 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 6.13 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.