Shelton Capital Management reduced its holdings in ING Groep NV (NYSE:ING) by 33.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 84,195 shares of the financial services provider’s stock after selling 43,231 shares during the quarter. Shelton Capital Management’s holdings in ING Groep were worth $1,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wedbush Securities Inc. boosted its stake in shares of ING Groep by 0.7% in the 2nd quarter. Wedbush Securities Inc. now owns 17,586 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 117 shares during the last quarter. ETRADE Capital Management LLC boosted its stake in shares of ING Groep by 1.0% in the 2nd quarter. ETRADE Capital Management LLC now owns 19,279 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 198 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of ING Groep by 5.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 389 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of ING Groep by 1.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 46,656 shares of the financial services provider’s stock valued at $811,000 after purchasing an additional 500 shares during the last quarter. Finally, Financial Counselors Inc. boosted its stake in shares of ING Groep by 3.0% in the 2nd quarter. Financial Counselors Inc. now owns 22,396 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 642 shares during the last quarter. Hedge funds and other institutional investors own 2.97% of the company’s stock.

ING Groep NV (NYSE ING) opened at $18.18 on Friday. 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 Groep NV has a 12 month low of $13.63 and a 12 month high of $19.01. The stock has a market cap of $70,771.67, a price-to-earnings ratio of 12.17, a P/E/G ratio of 2.31 and a beta of 1.20.

A number of equities research analysts have recently commented on ING shares. Deutsche Bank reaffirmed a “buy” rating on shares of ING Groep in a research note on Thursday, October 12th. Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. UBS reaffirmed a “buy” rating on shares of ING Groep in a research note on Tuesday, September 5th. Zacks Investment Research raised shares of ING Groep from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, December 5th. Finally, ValuEngine raised shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. ING Groep presently has a consensus rating of “Buy” and a consensus target price of $17.50.

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ING Groep 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.

Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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