Sei Investments Co. Sells 458,356 Shares of ING Group, N.V. (ING)
Sei Investments Co. lessened its holdings in ING Group, N.V. (NYSE:ING) by 69.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,025 shares of the financial services provider’s stock after selling 458,356 shares during the period. Sei Investments Co.’s holdings in ING Group were worth $3,648,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. FDx Advisors Inc. lifted its position in shares of ING Group by 10.9% in the third quarter. FDx Advisors Inc. now owns 103,221 shares of the financial services provider’s stock worth $1,901,000 after buying an additional 10,129 shares during the last quarter. Lincluden Management Ltd. increased its stake in ING Group by 3.0% during the third quarter. Lincluden Management Ltd. now owns 323,890 shares of the financial services provider’s stock valued at $5,966,000 after acquiring an additional 9,360 shares during the period. Crossmark Global Holdings Inc. bought a new position in ING Group during the third quarter valued at about $6,971,000. Aperio Group LLC increased its stake in ING Group by 5.6% during the third quarter. Aperio Group LLC now owns 1,060,291 shares of the financial services provider’s stock valued at $19,531,000 after acquiring an additional 56,221 shares during the period. Finally, GRATRY & Co LLC increased its stake in ING Group by 3.1% during the third quarter. GRATRY & Co LLC now owns 180,608 shares of the financial services provider’s stock valued at $3,327,000 after acquiring an additional 5,500 shares during the period. 2.97% of the stock is owned by institutional investors and hedge funds.
ING has been the topic of several recent analyst reports. UBS reissued a “buy” rating on shares of ING Group in a report on Tuesday, September 5th. Deutsche Bank reaffirmed a “buy” rating on shares of ING Group in a report on Thursday, October 12th. Zacks Investment Research downgraded ING Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine upgraded shares of ING Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Finally, Goldman Sachs Group upgraded shares of ING Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.00.
ING Group, N.V. (ING) traded down $0.04 during trading on Thursday, hitting $18.22. 4,953,600 shares of the stock were exchanged, compared to its average volume of 3,417,596. ING Group, N.V. has a one year low of $13.31 and a one year high of $19.01. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $70,810.45, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 2.33 and a beta of 1.22.
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ING Group 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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