Todd Asset Management LLC increased its holdings in shares of ING Group, N.V. (NYSE:ING) by 11.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,576,515 shares of the financial services provider’s stock after purchasing an additional 159,009 shares during the quarter. Todd Asset Management LLC’s holdings in ING Group, N.V. were worth $29,040,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Quadrant Capital Group LLC increased its position in ING Group, N.V. by 5.9% during the second quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock worth $107,000 after buying an additional 389 shares during the period. Krilogy Financial LLC acquired a new position in ING Group, N.V. during the second quarter worth approximately $127,000. MAI Capital Management acquired a new position in ING Group, N.V. during the second quarter worth approximately $178,000. Commerzbank Aktiengesellschaft FI acquired a new position in ING Group, N.V. during the second quarter worth approximately $243,000. Finally, Ativo Capital Management LLC acquired a new position in ING Group, N.V. during the second quarter worth approximately $249,000. Hedge funds and other institutional investors own 2.95% of the company’s stock.
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ING Group, N.V. (NYSE ING) traded up $0.04 during trading hours on Monday, hitting $18.21. The stock had a trading volume of 1,347,900 shares, compared to its average volume of 3,471,139. The firm has a market capitalization of $70,560.00, a price-to-earnings ratio of 12.14, a P/E/G ratio of 2.32 and a beta of 1.22. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.09 and a current ratio of 1.09. ING Group, N.V. has a 1-year low of $13.16 and a 1-year high of $19.01.
Several research analysts have commented on ING shares. Zacks Investment Research lowered ING Group, N.V. from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Deutsche Bank AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) raised ING Group, N.V. from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. UBS AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research report on Tuesday, September 5th. Finally, ValuEngine raised ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $15.00.
ING Group, N.V. Company Profile
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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