Sequoia Financial Advisors LLC Decreases Stock Position in ING Groep (NYSE:ING)

Sequoia Financial Advisors LLC trimmed its position in shares of ING Groep (NYSE:INGFree Report) by 43.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,847 shares of the financial services provider’s stock after selling 31,966 shares during the period. Sequoia Financial Advisors LLC’s holdings in ING Groep were worth $674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ING. Diversify Advisory Services LLC purchased a new position in shares of ING Groep during the 1st quarter valued at approximately $667,000. Norden Group LLC acquired a new stake in ING Groep in the first quarter valued at $514,000. Allspring Global Investments Holdings LLC boosted its stake in ING Groep by 5,319.1% during 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 acquiring an additional 11,436 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in ING Groep by 11.8% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 17,462 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 1,847 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of ING Groep by 6.6% in the 1st quarter. Verdence Capital Advisors LLC now owns 51,982 shares of the financial services provider’s stock worth $857,000 after purchasing an additional 3,199 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Price Performance

Shares of ING opened at $17.88 on Monday. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.04. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm has a market cap of $62.55 billion, a price-to-earnings ratio of 7.91 and a beta of 1.54. The stock has a 50 day moving average of $17.32 and a 200-day moving average of $15.69.

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

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on ING

ING Groep 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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