Coldstream Capital Management Inc. Grows Holdings in ING Group, N.V. $ING

Coldstream Capital Management Inc. increased its holdings in shares of ING Group, N.V. (NYSE:ING) by 26.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,686 shares of the financial services provider’s stock after purchasing an additional 4,965 shares during the period. Coldstream Capital Management Inc.’s holdings in ING Group were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of ING Group in the second quarter valued at about $37,000. Maseco LLP purchased a new stake in ING Group during the 2nd quarter valued at approximately $48,000. Whipplewood Advisors LLC raised its stake in ING Group by 17.9% during the 2nd quarter. Whipplewood Advisors LLC now owns 3,558 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 539 shares during the last quarter. MAI Capital Management lifted its position in ING Group by 23.1% during the 1st quarter. MAI Capital Management now owns 4,190 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 785 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of ING Group in the 2nd quarter valued at approximately $85,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Stock Up 1.4%

ING stock opened at $25.93 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.99. The company’s 50-day moving average price is $25.10 and its 200 day moving average price is $23.60. ING Group, N.V. has a 52 week low of $15.09 and a 52 week high of $26.59. The company has a market cap of $81.61 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.84 and a beta of 1.05.

ING Group (NYSE:ING) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.35 billion. ING Group had a net margin of 26.94% and a return on equity of 11.57%. On average, research analysts expect that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Cfra Research raised ING Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a research report on Wednesday, November 19th. Morgan Stanley upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 2nd. Citigroup upgraded shares of ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Finally, Keefe, Bruyette & Woods lowered shares of ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company 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.