Mount Yale Investment Advisors LLC acquired a new stake in shares of ING Groep NV (NYSE:ING) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,580 shares of the financial services provider’s stock, valued at approximately $145,000.
Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its stake in ING Groep by 148.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 53,055 shares of the financial services provider’s stock valued at $979,000 after buying an additional 31,735 shares in the last quarter. Northern Trust Corp lifted its stake in ING Groep by 2.2% during the first quarter. Northern Trust Corp now owns 4,428,122 shares of the financial services provider’s stock valued at $74,968,000 after buying an additional 95,214 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in ING Groep during the fourth quarter valued at about $202,000. Raymond James & Associates lifted its stake in ING Groep by 6.2% during the fourth quarter. Raymond James & Associates now owns 552,708 shares of the financial services provider’s stock valued at $10,203,000 after buying an additional 32,399 shares in the last quarter. Finally, Schafer Cullen Capital Management Inc. lifted its stake in ING Groep by 1.0% during the first quarter. Schafer Cullen Capital Management Inc. now owns 4,893,803 shares of the financial services provider’s stock valued at $82,852,000 after buying an additional 46,620 shares in the last quarter. 3.60% of the stock is owned by institutional investors.
ING stock opened at $14.32 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.96. ING Groep NV has a one year low of $14.14 and a one year high of $20.58. The stock has a market cap of $55.64 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.45 and a beta of 1.27.
ING Groep (NYSE:ING) last posted its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $5.48 billion during the quarter. ING Groep had a net margin of 28.03% and a return on equity of 10.61%. sell-side analysts predict that ING Groep NV will post 1.57 EPS for the current year.
A number of analysts have commented on the stock. ValuEngine lowered shares of ING Groep from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. UBS Group reaffirmed a “buy” rating on shares of ING Groep in a research note on Tuesday, April 24th. Finally, Zacks Investment Research lowered shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.00.
ING Groep Profile
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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