ING Group, N.V. $ING Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its position in shares of ING Group, N.V. (NYSE:ING) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,071 shares of the financial services provider’s stock after selling 2,508 shares during the period. Cetera Investment Advisers’ holdings in ING Group were worth $2,582,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

ING Group Stock Up 0.1%

Shares of ING Group stock opened at $25.94 on Friday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.11 and a quick ratio of 1.11. ING Group, N.V. has a 1-year low of $15.09 and a 1-year high of $26.59. The business’s fifty day moving average price is $25.11 and its two-hundred day moving average price is $23.63. The company has a market capitalization of $81.64 billion, a P/E ratio of 11.68, a PEG ratio of 1.84 and a beta of 1.05.

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

ING Group 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.