Wasatch Advisors LP Sells 16,200 Shares of ING Groep (NYSE:ING)

Wasatch Advisors LP lowered its stake in shares of ING Groep (NYSE:ING) by 8.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 173,800 shares of the financial services provider’s stock after selling 16,200 shares during the period. Wasatch Advisors LP’s holdings in ING Groep were worth $3,156,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ING. Fortitude Family Office LLC bought a new position in ING Groep during the third quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new stake in ING Groep during the 2nd quarter valued at $31,000. Rothschild Investment LLC bought a new position in shares of ING Groep during the 2nd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ING Groep in the 2nd quarter worth $38,000. Finally, Mather Group LLC. boosted its position in ING Groep by 57.3% in the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 782 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Up 1.2 %

Shares of ING stock opened at $15.45 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a one year low of $12.77 and a one year high of $18.72. The company’s fifty day moving average price is $16.78 and its 200-day moving average price is $17.36. The company has a market capitalization of $54.05 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 6.01 and a beta of 1.52.

Wall Street Analysts Forecast Growth

ING has been the topic of several analyst reports. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th.

ING Groep 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.