ING Group, N.V. $ING Stock Acquired by First Command Advisory Services Inc.

First Command Advisory Services Inc. grew its position in shares of ING Group, N.V. (NYSE:ING) by 299.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,857 shares of the financial services provider’s stock after purchasing an additional 35,125 shares during the quarter. First Command Advisory Services Inc.’s holdings in ING Group were worth $1,663,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. West Financial Advisors LLC acquired a new position in shares of ING Group in the third quarter worth about $26,000. Evergreen Advisors LLC acquired a new stake in shares of ING Group during the 1st quarter valued at about $28,000. Financial Network Wealth Advisors LLC grew its position in shares of ING Group by 62.1% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 963 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 369 shares during the period. Root Financial Partners LLC purchased a new position in shares of ING Group in the 3rd quarter valued at about $46,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of ING Group by 25.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,809 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 368 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Trading Up 0.3%

Shares of ING Group stock opened at $33.48 on Thursday. ING Group, N.V. has a twelve month low of $24.35 and a twelve month high of $37.52. The firm has a market capitalization of $95.74 billion, a PE ratio of 12.22, a P/E/G ratio of 0.92 and a beta of 0.89. The firm’s 50-day moving average price is $34.46 and its 200 day moving average price is $31.43.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ING shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Group in a report on Friday, August 7th. JPMorgan Chase & Co. reissued a “buy” rating on shares of ING Group in a report on Thursday, October 1st. Weiss Ratings upgraded ING Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 30th. Morgan Stanley raised ING Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 2nd. Finally, DZ Bank reiterated a “buy” rating on shares of ING Group in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, ING Group currently has an average rating of “Moderate Buy” and a consensus target price of $34.50.

About ING Group

ING Group, formally ING Groep N.V., is a Netherlands-based financial institution focused primarily on banking. It serves individuals, businesses and other organizations through digital and branch-based banking services. Its products and services include current and savings accounts, payments, mortgages, consumer loans, business lending, cash management and trade finance. ING also provides corporate and investment banking services, including financing and financial-markets solutions. Headquartered in Amsterdam, ING serves customers across Europe and has wholesale banking operations in markets around the world.