Assetmark Inc. lifted its stake in shares of ING Group, N.V. (NYSE:ING) by 5,421.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 711,665 shares of the financial services provider’s stock after acquiring an additional 698,776 shares during the quarter. Assetmark Inc.’s holdings in ING Group, N.V. were worth $13,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. Wedbush Securities Inc. raised its position in shares of ING Group, N.V. by 0.7% during the second quarter. Wedbush Securities Inc. now owns 17,586 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 117 shares during the last quarter. ETRADE Capital Management LLC raised its position in shares of ING Group, N.V. by 1.0% during the second quarter. ETRADE Capital Management LLC now owns 19,279 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 198 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of 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 acquiring an additional 389 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of ING Group, N.V. by 1.1% during the second quarter. Pinnacle Associates Ltd. now owns 46,656 shares of the financial services provider’s stock worth $811,000 after acquiring an additional 500 shares during the last quarter. Finally, Financial Counselors Inc. raised its position in shares of ING Group, N.V. by 3.0% during the second quarter. Financial Counselors Inc. now owns 22,396 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 642 shares during the last quarter. Institutional investors own 2.97% of the company’s stock.

A number of equities research analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) upgraded ING Group, N.V. from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. UBS AG reiterated a “buy” rating on shares of ING Group, N.V. in a report on Tuesday, September 5th. Deutsche Bank AG reiterated a “buy” rating on shares of ING Group, N.V. in a report on Thursday, October 12th. Zacks Investment Research downgraded ING Group, N.V. from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Finally, ValuEngine upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $15.00.

Shares of ING Group, N.V. (ING) traded down $0.07 during mid-day trading on Wednesday, reaching $17.79. The company’s stock had a trading volume of 4,097,100 shares, compared to its average volume of 3,436,874. The company has a market capitalization of $69,259.30, a P/E ratio of 11.91, a P/E/G ratio of 2.28 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.

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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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Institutional Ownership by Quarter for ING Group, N.V. (NYSE:ING)

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