Boston Common Asset Management LLC Sells 16,238 Shares of ING Group, N.V. $ING

Boston Common Asset Management LLC decreased its stake in shares of ING Group, N.V. (NYSE:ING) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,179 shares of the financial services provider’s stock after selling 16,238 shares during the period. Boston Common Asset Management LLC’s holdings in ING Group were worth $6,361,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ING. Annis Gardner Whiting Capital Advisors LLC increased its position in ING Group by 411.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,149 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 2,533 shares in the last quarter. Gallacher Capital Management LLC lifted its position in shares of ING Group by 4.8% during the first quarter. Gallacher Capital Management LLC now owns 26,640 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 1,209 shares in the last quarter. Evergreen Advisors LLC bought a new stake in shares of ING Group during the first quarter valued at approximately $28,000. Advisors Preferred LLC bought a new stake in shares of ING Group during the first quarter valued at approximately $651,000. Finally, Checchi Capital Advisers LLC increased its holdings in shares of ING Group by 2.8% in the first quarter. Checchi Capital Advisers LLC now owns 19,490 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 529 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ING. Zacks Research cut shares of ING Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a research report on Friday, May 29th. Keefe, Bruyette & Woods raised ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Morgan Stanley restated an “equal weight” rating on shares of ING Group in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ING Group Stock Up 0.1%

Shares of NYSE ING opened at $32.38 on Monday. The firm has a market capitalization of $94.22 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.04 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. ING Group, N.V. has a 1 year low of $22.53 and a 1 year high of $33.35. The firm’s 50-day moving average is $31.00 and its 200-day moving average is $29.19.

ING Group (NYSE:ING) last posted its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. ING Group had a net margin of 27.68% and a return on equity of 12.27%. The business had revenue of $616.97 million during the quarter, compared to the consensus estimate of $6.86 billion. Equities analysts expect that ING Group, N.V. will post 2.77 EPS for the current year.

About ING Group

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.