Lourd Capital LLC purchased a new position in shares of ING Groep NV (NYSE:ING) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 21,556 shares of the financial services provider’s stock, valued at approximately $398,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in shares of ING Groep by 5.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 389 shares during the last quarter. Krilogy Financial LLC purchased a new stake in shares of ING Groep during the 2nd quarter worth $127,000. Zions Bancorporation lifted its stake in shares of ING Groep by 1,021.8% during the 3rd quarter. Zions Bancorporation now owns 7,011 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 6,386 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new stake in shares of ING Groep during the 3rd quarter worth $156,000. Finally, Diligent Investors LLC purchased a new stake in shares of ING Groep during the 3rd quarter worth $190,000. 2.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of ING Groep NV (NYSE ING) opened at $20.30 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.05. ING Groep NV has a 12 month low of $13.63 and a 12 month high of $20.58. The company has a market capitalization of $78,643.81, a PE ratio of 15.50, a price-to-earnings-growth ratio of 2.42 and a beta of 1.20.

ING Groep (NYSE:ING) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.41 EPS for the quarter. ING Groep had a return on equity of 11.06% and a net margin of 26.20%. equities research analysts predict that ING Groep NV will post 1.62 EPS for the current year.

A number of brokerages recently weighed in on ING. Zacks Investment Research cut ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded ING Groep from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. UBS Group reiterated a “buy” rating on shares of ING Groep in a research note on Monday, December 11th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of ING Groep in a research note on Wednesday, December 6th. Two 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. ING Groep presently has an average rating of “Buy” and an average target price of $18.50.

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

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