Focus Partners Advisor Solutions LLC Takes Position in ING Group, N.V. $ING

Focus Partners Advisor Solutions LLC bought a new stake in shares of ING Group, N.V. (NYSE:ING) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,011 shares of the financial services provider’s stock, valued at approximately $219,000.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in shares of ING Group by 135.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 912 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of ING Group during the 2nd quarter valued at $37,000. Maseco LLP purchased a new stake in shares of ING Group during the 2nd quarter valued at $48,000. Olde Wealth Management LLC purchased a new stake in shares of ING Group during the 1st quarter valued at $55,000. Finally, MAI Capital Management increased its position in shares of ING Group by 23.1% during the 1st quarter. MAI Capital Management now owns 4,190 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 785 shares during the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Group Stock Down 2.2%

Shares of NYSE ING opened at $24.91 on Friday. ING Group, N.V. has a 52 week low of $15.09 and a 52 week high of $26.27. The business has a 50-day simple moving average of $24.74 and a two-hundred day simple moving average of $22.83. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.83. The company has a market cap of $78.39 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.79 and a beta of 1.07.

ING Group (NYSE:ING) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. ING Group had a return on equity of 11.62% and a net margin of 26.94%.The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.35 billion. Research analysts anticipate that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised ING Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Cfra Research upgraded ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. Barclays upgraded ING Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 15th. Finally, Morgan Stanley upgraded ING Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, ING Group has an average rating of “Buy”.

ING Group 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.