Goldman Sachs Group Inc. Has $128.69 Million Stock Holdings in ING Groep (NYSE:ING)

Goldman Sachs Group Inc. boosted its holdings in shares of ING Groep (NYSE:INGFree Report) by 7.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,568,136 shares of the financial services provider’s stock after acquiring an additional 622,037 shares during the period. Goldman Sachs Group Inc. owned 0.23% of ING Groep worth $128,693,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ING. Clear Street Markets LLC grew its holdings in ING Groep by 570.3% during the 3rd quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,711 shares during the period. GAMMA Investing LLC bought a new position in shares of ING Groep during the fourth quarter worth $54,000. NBC Securities Inc. boosted its position in shares of ING Groep by 24.5% during the fourth quarter. NBC Securities Inc. now owns 4,093 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 805 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of ING Groep by 128.5% during the fourth quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 2,808 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of ING Groep by 17.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,927 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 883 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of ING Groep from an “equal weight” rating to an “overweight” rating in a research report on Friday.

Check Out Our Latest Research Report on ING

ING Groep Trading Down 0.7 %

Shares of NYSE ING opened at $17.67 on Friday. The company’s fifty day moving average is $17.00 and its 200-day moving average is $15.30. The stock has a market cap of $61.81 billion, a price-to-earnings ratio of 7.82 and a beta of 1.54. ING Groep has a twelve month low of $12.44 and a twelve month high of $18.04. 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 (NYSE:INGGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.52 EPS for the quarter. The business had revenue of $6.06 billion for the quarter. ING Groep had a net margin of 32.20% and a return on equity of 13.22%. Equities research analysts predict that ING Groep will post 2 EPS for the current year.

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

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