Rehmann Capital Advisory Group Grows Position in ING Groep (NYSE:ING)

Rehmann Capital Advisory Group grew its stake in shares of ING Groep (NYSE:ING) by 52.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,471 shares of the financial services provider’s stock after purchasing an additional 5,295 shares during the period. Rehmann Capital Advisory Group’s holdings in ING Groep were worth $281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beverly Hills Private Wealth LLC grew its position in ING Groep by 4.7% during the second quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock worth $230,000 after buying an additional 602 shares during the period. Checchi Capital Advisers LLC grew its holdings in shares of ING Groep by 3.8% in the 2nd quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 637 shares during the period. Pzena Investment Management LLC increased its stake in ING Groep by 1.2% in the 2nd quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock valued at $922,000 after purchasing an additional 640 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in ING Groep by 6.5% during the third quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 684 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in ING Groep by 6.6% during the third quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 688 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ING shares. Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Citigroup raised shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Barclays cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd.

ING Groep Stock Up 1.6 %

ING opened at $15.53 on Friday. The firm has a market cap of $54.33 billion, a P/E ratio of 6.96, a PEG ratio of 6.07 and a beta of 1.48. The business’s fifty day simple moving average is $16.30 and its 200 day simple moving average is $17.21. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep 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.