Todd Asset Management LLC Sells 31,693 Shares of ING Group, N.V. $ING

Todd Asset Management LLC lowered its position in shares of ING Group, N.V. (NYSE:ING) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,763,710 shares of the financial services provider’s stock after selling 31,693 shares during the period. ING Group accounts for approximately 1.5% of Todd Asset Management LLC’s portfolio, making the stock its 9th largest position. Todd Asset Management LLC’s holdings in ING Group were worth $77,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ING. YANKCOM Partnership boosted its position in shares of ING Group by 197.2% during the 4th quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 629 shares in the last quarter. Binnacle Investments Inc grew its position in ING Group by 57.0% during the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 395 shares during the last quarter. Root Financial Partners LLC acquired a new position in ING Group in the third quarter valued at $34,000. Sound Income Strategies LLC raised its holdings in shares of ING Group by 129.1% in the fourth quarter. Sound Income Strategies LLC now owns 1,283 shares of the financial services provider’s stock valued at $37,000 after buying an additional 723 shares during the last quarter. Finally, Maseco LLP acquired a new stake in shares of ING Group during the fourth quarter worth about $67,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Stock Up 0.1%

Shares of NYSE:ING opened at $30.53 on Monday. ING Group, N.V. has a fifty-two week low of $20.39 and a fifty-two week high of $31.17. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73. The firm’s 50-day simple moving average is $27.90 and its 200-day simple moving average is $27.84. The company has a market cap of $88.84 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.98 and a beta of 0.83.

ING Group (NYSE:ING) last posted its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $616.97 million during the quarter, compared to analysts’ expectations of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. As a group, equities research analysts predict that ING Group, N.V. will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ING. Jefferies Financial Group initiated coverage on ING Group in a report on Tuesday, January 27th. They set a “hold” rating on the stock. Wall Street Zen downgraded ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Deutsche Bank Aktiengesellschaft raised ING Group from a “hold” rating to a “buy” rating in a research report on Monday, February 2nd. Zacks Research lowered ING Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Keefe, Bruyette & Woods upgraded ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, ING Group currently has an average rating of “Moderate Buy”.

ING Group Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.