NWQ Investment Management Company LLC decreased its position in ING Groep NV (NYSE:ING) by 12.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,900,518 shares of the financial services provider’s stock after selling 533,587 shares during the period. ING Groep comprises approximately 0.9% of NWQ Investment Management Company LLC’s portfolio, making the stock its 27th biggest holding. NWQ Investment Management Company LLC owned about 0.10% of ING Groep worth $71,848,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can lifted its stake in ING Groep by 179.8% in the second quarter. Bank of Montreal Can now owns 74,805 shares of the financial services provider’s stock worth $1,301,000 after acquiring an additional 48,067 shares during the period. Janney Montgomery Scott LLC lifted its stake in ING Groep by 12.3% in the second quarter. Janney Montgomery Scott LLC now owns 54,226 shares of the financial services provider’s stock worth $943,000 after acquiring an additional 5,935 shares during the period. TD Asset Management Inc. lifted its stake in ING Groep by 6.9% in the second quarter. TD Asset Management Inc. now owns 251,527 shares of the financial services provider’s stock worth $4,374,000 after acquiring an additional 16,171 shares during the period. Wetherby Asset Management Inc. lifted its stake in ING Groep by 8.1% in the second quarter. Wetherby Asset Management Inc. now owns 45,326 shares of the financial services provider’s stock worth $789,000 after acquiring an additional 3,411 shares during the period. Finally, First Trust Advisors LP lifted its stake in ING Groep by 1.8% in the second quarter. First Trust Advisors LP now owns 48,455 shares of the financial services provider’s stock worth $843,000 after acquiring an additional 877 shares during the period. Hedge funds and other institutional investors own 2.97% of the company’s stock.

Shares of ING Groep NV (ING) traded down $0.22 during trading on Wednesday, reaching $17.87. The company’s stock had a trading volume of 3,975,000 shares, compared to its average volume of 3,426,451. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $70,151.21, a price-to-earnings ratio of 12.06, a P/E/G ratio of 2.29 and a beta of 1.20. ING Groep NV has a fifty-two week low of $13.63 and a fifty-two week high of $19.01.

A number of analysts recently commented on the company. Deutsche Bank reaffirmed a “buy” rating on shares of ING Groep in a research note on Thursday, October 12th. Zacks Investment Research lowered ING Groep from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine raised ING Groep from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Goldman Sachs Group reissued a “buy” rating on shares of ING Groep in a research report on Wednesday. Finally, UBS reissued a “buy” rating on shares of ING Groep in a research report on Tuesday, September 5th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. ING Groep has a consensus rating of “Buy” and a consensus price target of $17.50.

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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.

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

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