Norden Group LLC Acquires Shares of 31,167 ING Groep (NYSE:ING)

Norden Group LLC acquired a new stake in ING Groep (NYSE:INGFree Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 31,167 shares of the financial services provider’s stock, valued at approximately $514,000.

A number of other large investors also recently modified their holdings of the company. Naviter Wealth LLC boosted its holdings in shares of ING Groep by 25.5% in the 1st quarter. Naviter Wealth LLC now owns 74,668 shares of the financial services provider’s stock valued at $1,231,000 after buying an additional 15,168 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of ING Groep by 5,319.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,651 shares of the financial services provider’s stock valued at $192,000 after buying an additional 11,436 shares in the last quarter. Claro Advisors LLC boosted its holdings in shares of ING Groep by 5.5% in the 1st quarter. Claro Advisors LLC now owns 13,438 shares of the financial services provider’s stock valued at $222,000 after buying an additional 696 shares in the last quarter. BKM Wealth Management LLC boosted its holdings in shares of ING Groep by 35.6% in the 1st quarter. BKM Wealth Management LLC now owns 31,515 shares of the financial services provider’s stock valued at $520,000 after buying an additional 8,282 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of ING Groep by 131.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 70,844 shares of the financial services provider’s stock valued at $1,168,000 after buying an additional 40,208 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays upgraded shares of ING Groep from an “equal weight” rating to an “overweight” rating in a report on Friday, June 7th.

Get Our Latest Analysis on ING

ING Groep Trading Up 0.6 %

Shares of ING Groep stock opened at $17.88 on Monday. The stock has a market cap of $62.55 billion, a price-to-earnings ratio of 7.91 and a beta of 1.54. The company has a fifty day simple moving average of $17.32 and a 200-day simple moving average of $15.69. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68. ING Groep has a 12-month low of $12.44 and a 12-month high of $18.04.

ING Groep (NYSE:INGGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share for the quarter. The firm had revenue of $6.06 billion during the quarter. ING Groep had a net margin of 32.20% and a return on equity of 13.22%. On average, equities analysts forecast that ING Groep will post 2.01 EPS for the current fiscal year.

ING Groep Company Profile

(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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