BNP Paribas Financial Markets lessened its holdings in shares of ING Groep (NYSE:ING - Free Report) by 22.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 690,247 shares of the financial services provider's stock after selling 203,812 shares during the period. BNP Paribas Financial Markets' holdings in ING Groep were worth $11,382,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. increased its stake in ING Groep by 67.8% during the first quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider's stock worth $27,000 after acquiring an additional 662 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in shares of ING Groep in the 4th quarter worth approximately $28,000. GAMMA Investing LLC bought a new stake in shares of ING Groep in the 4th quarter worth approximately $54,000. NBC Securities Inc. raised its stake in ING Groep by 24.5% during the 4th quarter. NBC Securities Inc. now owns 4,093 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 805 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of ING Groep by 128.5% during the 4th quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 2,808 shares during the period. Institutional investors and hedge funds own 4.49% of the company's stock.
Analyst Ratings Changes
Separately, Barclays upgraded ING Groep from an "equal weight" rating to an "overweight" rating in a research note on Friday, June 7th.
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ING Groep Price Performance
Shares of NYSE:ING traded up $0.20 during trading on Wednesday, hitting $18.09. 1,243,268 shares of the company were exchanged, compared to its average volume of 2,693,835. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. ING Groep has a 1-year low of $12.44 and a 1-year high of $18.10. The company has a market capitalization of $63.28 billion, a P/E ratio of 8.00 and a beta of 1.54. The business's 50 day moving average is $17.45 and its 200-day moving average is $15.75.
ING Groep (NYSE:ING - Get Free Report) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share for the quarter. ING Groep had a net margin of 32.20% and a return on equity of 13.22%. The firm had revenue of $6.06 billion during the quarter. Equities analysts forecast that ING Groep will post 2.01 earnings per share for the current year.
ING Groep Company Profile
(
Free Report)
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.
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