Bailard Inc. Buys 3,635 Shares of ING Group, N.V. $ING

Bailard Inc. increased its position in shares of ING Group, N.V. (NYSE:ING) by 10.3% during the 2nd quarter, Holdings Channel reports. The fund owned 39,055 shares of the financial services provider’s stock after buying an additional 3,635 shares during the quarter. Bailard Inc.’s holdings in ING Group were worth $854,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of ING Group by 6.9% during the second quarter. PNC Financial Services Group Inc. now owns 111,282 shares of the financial services provider’s stock worth $2,434,000 after purchasing an additional 7,226 shares in the last quarter. Allworth Financial LP raised its stake in ING Group by 11.0% during the 2nd quarter. Allworth Financial LP now owns 6,880 shares of the financial services provider’s stock worth $150,000 after buying an additional 681 shares during the period. Profund Advisors LLC lifted its holdings in ING Group by 3.6% during the second quarter. Profund Advisors LLC now owns 36,866 shares of the financial services provider’s stock worth $806,000 after acquiring an additional 1,272 shares in the last quarter. Zions Bancorporation National Association UT grew its stake in ING Group by 1.2% in the second quarter. Zions Bancorporation National Association UT now owns 96,685 shares of the financial services provider’s stock valued at $2,115,000 after acquiring an additional 1,179 shares during the period. Finally, Midwest Trust Co bought a new stake in shares of ING Group in the second quarter worth about $437,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Trading Down 1.1%

Shares of NYSE:ING opened at $26.21 on Friday. ING Group, N.V. has a 12-month low of $15.09 and a 12-month high of $26.59. The business has a 50 day moving average of $25.05 and a 200-day moving average of $23.24. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.99. The stock has a market cap of $82.48 billion, a PE ratio of 11.81, a P/E/G ratio of 1.89 and a beta of 1.05.

ING Group (NYSE:ING) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. ING Group had a return on equity of 11.57% and a net margin of 26.94%.The firm had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.35 billion. As a group, equities research analysts forecast that ING Group, N.V. will post 2.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on ING shares. Weiss Ratings upgraded ING Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Morgan Stanley upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 2nd. Keefe, Bruyette & Woods cut shares of ING Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday. Finally, Cfra Research raised shares of ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

ING Group Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.