Public Employees Retirement System of Ohio Makes New $9.92 Million Investment in ING Groep (NYSE:ING)

Public Employees Retirement System of Ohio purchased a new position in shares of ING Groep (NYSE:ING - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 546,483 shares of the financial services provider's stock, valued at approximately $9,924,000.

Several other institutional investors also recently modified their holdings of ING. Creative Planning increased its position in ING Groep by 18.4% during the 2nd quarter. Creative Planning now owns 209,405 shares of the financial services provider's stock valued at $3,589,000 after purchasing an additional 32,534 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of ING Groep by 30.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider's stock valued at $4,849,000 after purchasing an additional 62,801 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of ING Groep during the third quarter worth $2,428,000. Natixis Advisors LLC raised its stake in ING Groep by 71.3% during the third 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. Finally, Cerity Partners LLC lifted its holdings in ING Groep by 51.7% in the third quarter. Cerity Partners LLC now owns 263,445 shares of the financial services provider's stock valued at $4,784,000 after buying an additional 89,793 shares during the period. Institutional investors own 4.49% of the company's stock.

Analysts Set New Price Targets

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

ING Groep Stock Down 3.1 %

Shares of NYSE ING traded down $0.49 during trading on Thursday, hitting $15.28. 2,562,361 shares of the company traded hands, compared to its average volume of 2,312,353. The firm has a market capitalization of $53.43 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 6.09 and a beta of 1.48. The business's fifty day moving average is $16.38 and its 200 day moving average is $17.24. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a fifty-two week low of $12.77 and a fifty-two week high of $18.72.

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.