49,853 Shares in ING Groep NV (ING) Acquired by Stevens Capital Management LP

Stevens Capital Management LP purchased a new position in shares of ING Groep NV (NYSE:ING) during the 4th quarter, HoldingsChannel reports. The firm purchased 49,853 shares of the financial services provider’s stock, valued at approximately $531,000.

Several other institutional investors and hedge funds have also made changes to their positions in ING. NWQ Investment Management Company LLC increased its stake in shares of ING Groep by 44.6% during the 3rd quarter. NWQ Investment Management Company LLC now owns 4,503,821 shares of the financial services provider’s stock worth $57,424,000 after purchasing an additional 1,388,181 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of ING Groep by 33.0% during the 3rd quarter. Wells Fargo & Company MN now owns 3,972,856 shares of the financial services provider’s stock worth $51,528,000 after purchasing an additional 986,601 shares during the last quarter. Morgan Stanley increased its stake in shares of ING Groep by 13.2% during the 3rd quarter. Morgan Stanley now owns 7,604,904 shares of the financial services provider’s stock worth $98,636,000 after purchasing an additional 888,075 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of ING Groep by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 43,945,914 shares of the financial services provider’s stock worth $569,979,000 after purchasing an additional 649,044 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of ING Groep by 4,207.1% during the 2nd quarter. BlackRock Inc. now owns 630,650 shares of the financial services provider’s stock worth $9,033,000 after buying an additional 616,008 shares during the period. Institutional investors own 3.38% of the company’s stock.

Shares of NYSE ING traded down $0.21 during trading hours on Thursday, hitting $12.45. 116,417 shares of the stock were exchanged, compared to its average volume of 2,863,798. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 2.31. The company has a market cap of $48.61 billion, a P/E ratio of 7.58 and a beta of 1.22. ING Groep NV has a one year low of $10.21 and a one year high of $18.28.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of ING Groep from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Societe Generale raised shares of ING Groep from a “hold” rating to a “buy” rating in a report on Wednesday, January 16th. Credit Suisse Group raised shares of ING Groep from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 15th. ValuEngine raised shares of ING Groep from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a report on Monday, December 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold”.

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

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