554,303 Shares in ING Groep NV (ING) Acquired by Guardian Capital LP

Guardian Capital LP purchased a new stake in ING Groep NV (NYSE:ING) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 554,303 shares of the financial services provider’s stock, valued at approximately $10,210,000.

Other institutional investors have also made changes to their positions in the company. Wedbush Securities Inc. boosted its stake in shares of ING Groep by 0.7% in the 2nd quarter. Wedbush Securities Inc. now owns 17,586 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 117 shares in the last quarter. ETRADE Capital Management LLC boosted its stake in shares of ING Groep by 1.0% in the 2nd quarter. ETRADE Capital Management LLC now owns 19,279 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 198 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of ING Groep by 5.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 389 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of ING Groep by 1.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 46,656 shares of the financial services provider’s stock valued at $811,000 after purchasing an additional 500 shares in the last quarter. Finally, Financial Counselors Inc. boosted its stake in shares of ING Groep by 3.0% in the 2nd quarter. Financial Counselors Inc. now owns 22,396 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 642 shares in the last quarter. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ING Groep NV (NYSE:ING) traded down $0.08 during mid-day trading on Wednesday, hitting $18.43. The stock had a trading volume of 4,287,600 shares, compared to its average volume of 3,465,306. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.05. The company has a market cap of $71,779.93, a PE ratio of 12.34, a PEG ratio of 2.34 and a beta of 1.20. ING Groep NV has a one year low of $13.63 and a one year high of $19.01.

Several equities research analysts have recently commented on the stock. UBS restated a “buy” rating on shares of ING Groep in a research note on Tuesday, September 5th. Deutsche Bank reiterated a “buy” rating on shares of ING Groep in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. ValuEngine upgraded shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Finally, Goldman Sachs Group upgraded shares of ING Groep from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.50.

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About ING Groep

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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