BNP Paribas Financial Markets Cuts Position in ING Groep (NYSE:ING)

BNP Paribas Financial Markets trimmed its position in shares of ING Groep (NYSE:ING) by 81.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,124 shares of the financial services provider’s stock after selling 215,812 shares during the period. BNP Paribas Financial Markets’ holdings in ING Groep were worth $910,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC raised its stake in shares of ING Groep by 4.7% during the second quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 602 shares during the last quarter. Checchi Capital Advisers LLC raised its position in ING Groep by 3.8% in the second quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 637 shares in the last quarter. Pzena Investment Management LLC raised its position in ING Groep by 1.2% in the second quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock worth $922,000 after acquiring an additional 640 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of ING Groep by 6.5% in the third quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock valued at $204,000 after buying an additional 684 shares in the last quarter. Finally, Wedmont Private Capital increased its position in shares of ING Groep by 6.6% in the third quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock valued at $195,000 after buying an additional 688 shares in the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Price Performance

ING stock opened at $15.78 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 52-week low of $12.77 and a 52-week high of $18.72. The stock’s 50 day moving average is $16.42 and its two-hundred day moving average is $17.25. The company has a market capitalization of $55.18 billion, a PE ratio of 7.04, a P/E/G ratio of 6.09 and a beta of 1.48.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ING. Barclays lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Citigroup upgraded ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Morgan Stanley downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th.

ING Groep Company Profile

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.