Private Advisor Group LLC Lowers Stake in ING Groep NV (ING)
Private Advisor Group LLC reduced its position in ING Groep NV (NYSE:ING) by 27.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,778 shares of the financial services provider’s stock after selling 4,899 shares during the period. Private Advisor Group LLC’s holdings in ING Groep were worth $236,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in ING. Quadrant Capital Group LLC grew its stake in shares of ING Groep 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 purchasing an additional 389 shares during the period. Krilogy Financial LLC acquired a new stake in shares of ING Groep during the second quarter worth $127,000. MAI Capital Management acquired a new stake in shares of ING Groep during the second quarter worth $178,000. Diligent Investors LLC acquired a new stake in shares of ING Groep during the third quarter worth $190,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of ING Groep during the third quarter worth $190,000. 2.97% of the stock is owned by institutional investors and hedge funds.
ING Groep NV (ING) traded down $0.06 during trading hours on Friday, reaching $18.25. The company’s stock had a trading volume of 1,581,300 shares, compared to its average volume of 3,456,544. ING Groep NV has a 1 year low of $13.63 and a 1 year high of $19.01. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $71,004.34, a PE ratio of 12.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.20.
A number of equities research analysts recently commented on ING shares. Zacks Investment Research cut ING Groep from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Deutsche Bank reaffirmed a “buy” rating on shares of ING Groep in a research note on Thursday, October 12th. Goldman Sachs Group raised ING Groep from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. UBS reissued a “buy” rating on shares of ING Groep in a research note on Tuesday, September 5th. Finally, ValuEngine raised ING Groep from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.50.
ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/private-advisor-group-llc-lowers-stake-in-ing-groep-nv-ing/1765660.html.
ING Groep 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.
Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with Analyst Ratings Network's FREE daily email newsletter.