Pathstone Holdings LLC lessened its stake in shares of ING Groep (NYSE:ING - Free Report) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 522,793 shares of the financial services provider's stock after selling 62,200 shares during the period. Pathstone Holdings LLC's holdings in ING Groep were worth $9,494,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ING. Natixis Advisors LLC boosted its stake in shares of ING Groep by 71.3% in the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider's stock worth $60,051,000 after buying an additional 1,376,713 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of ING Groep in the third quarter valued at about $7,972,000. Bank of New York Mellon Corp increased its holdings in shares of ING Groep by 150.1% in the second quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider's stock worth $10,267,000 after purchasing an additional 359,535 shares during the last quarter. Benson Investment Management Company Inc. bought a new stake in shares of ING Groep in the third quarter worth about $5,204,000. Finally, Acadian Asset Management LLC bought a new stake in ING Groep during the second quarter worth approximately $4,626,000. Institutional investors own 4.49% of the company's stock.
Wall Street Analysts Forecast Growth
ING has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut ING Groep from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Barclays lowered ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 22nd. Finally, Citigroup upgraded ING Groep to a "strong-buy" rating in a report on Thursday, October 17th.
View Our Latest Research Report on ING Groep
ING Groep Stock Performance
ING traded down $0.36 during midday trading on Friday, hitting $15.28. 3,478,194 shares of the company were exchanged, compared to its average volume of 2,325,080. The company's 50 day simple moving average is $17.15 and its 200 day simple moving average is $17.45. The firm has a market capitalization of $53.45 billion, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 6.15 and a beta of 1.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72.
About ING Groep
(
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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