EP Wealth Advisors LLC Acquires 11,419 Shares of ING Groep (NYSE:ING)

EP Wealth Advisors LLC raised its holdings in ING Groep (NYSE:INGGet Rating) by 80.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,548 shares of the financial services provider’s stock after acquiring an additional 11,419 shares during the period. EP Wealth Advisors LLC’s holdings in ING Groep were worth $253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ING. Comerica Bank grew its position in ING Groep by 3.6% in the first quarter. Comerica Bank now owns 74,097 shares of the financial services provider’s stock valued at $777,000 after acquiring an additional 2,605 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of ING Groep by 13.1% during the first quarter. Park Avenue Securities LLC now owns 28,164 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 3,267 shares in the last quarter. Atria Investments LLC boosted its stake in shares of ING Groep by 4.5% during the first quarter. Atria Investments LLC now owns 106,978 shares of the financial services provider’s stock valued at $1,116,000 after purchasing an additional 4,634 shares in the last quarter. FDx Advisors Inc. boosted its stake in shares of ING Groep by 5.0% during the first quarter. FDx Advisors Inc. now owns 33,858 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its stake in shares of ING Groep by 81.8% during the first quarter. Mount Yale Investment Advisors LLC now owns 55,768 shares of the financial services provider’s stock valued at $582,000 after purchasing an additional 25,086 shares in the last quarter. Institutional investors own 4.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on ING shares. Societe Generale cut their price target on ING Groep from €14.00 ($14.43) to €12.50 ($12.89) in a research note on Friday, November 4th. UBS Group lifted their price objective on ING Groep from €15.00 ($15.46) to €15.80 ($16.29) in a research note on Monday, November 7th. Credit Suisse Group lifted their price objective on ING Groep from €13.50 ($13.92) to €14.00 ($14.43) and gave the stock an “outperform” rating in a research note on Friday, September 30th. Royal Bank of Canada lifted their price objective on ING Groep from €11.75 ($12.11) to €13.00 ($13.40) and gave the stock a “sector perform” rating in a research note on Monday, November 7th. Finally, StockNews.com initiated coverage on ING Groep in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.87.

ING Groep Trading Up 0.6 %

NYSE ING opened at $11.75 on Monday. The company has a market cap of $45.83 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.83 and a beta of 1.56. ING Groep has a 52 week low of $8.14 and a 52 week high of $15.97. The business has a 50 day moving average price of $9.73 and a 200-day moving average price of $9.74. The company has a quick ratio of 1.10, a current ratio of 1.09 and a debt-to-equity ratio of 1.65.

ING Groep Company Profile

(Get Rating)

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking.

Further Reading

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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