IFP Advisors Inc reduced its stake in ING Groep (NYSE:ING – Get Rating) by 23.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,173 shares of the financial services provider’s stock after selling 3,473 shares during the period. IFP Advisors Inc’s holdings in ING Groep were worth $102,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Ronald Blue Trust Inc. raised its stake in shares of ING Groep by 76.2% during the 4th quarter. Ronald Blue Trust Inc. now owns 3,905 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,689 shares in the last quarter. My Personal CFO LLC purchased a new stake in ING Groep during the fourth quarter worth $43,000. CWM LLC lifted its holdings in ING Groep by 30.7% during the fourth quarter. CWM LLC now owns 6,588 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 1,548 shares in the last quarter. Renasant Bank purchased a new position in ING Groep during the third quarter valued at $88,000. Finally, IHT Wealth Management LLC purchased a new position in ING Groep during the third quarter valued at $90,000. 3.99% of the stock is currently owned by institutional investors.
ING Groep Stock Up 0.2 %
Shares of NYSE:ING opened at $12.69 on Monday. The firm has a 50 day simple moving average of $12.42 and a 200-day simple moving average of $12.54. The company has a market capitalization of $47.29 billion, a PE ratio of 12.44, a P/E/G ratio of 0.25 and a beta of 1.56. ING Groep has a twelve month low of $8.14 and a twelve month high of $14.72. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.68.
ING Groep Increases Dividend
Wall Street Analyst Weigh In
ING has been the topic of several research reports. Societe Generale downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd. StockNews.com initiated coverage on shares of ING Groep in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, ING Groep currently has an average rating of “Moderate Buy” and a consensus target price of $14.03.
About ING Groep
ING Groep NV engages in the provision of banking, investments, life and non-life insurance, and retirement and asset management services. It operates through the following segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line. The Retail Netherlands segment offers current and savings accounts, business lending, mortgages, and consumer lending.
- Get a free copy of the StockNews.com research report on ING Groep (ING)
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