Duff & Phelps Investment Management Co. lowered its holdings in ING Groep NV (NYSE:ING) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 381,082 shares of the financial services provider’s stock after selling 9,556 shares during the period. Duff & Phelps Investment Management Co.’s holdings in ING Groep were worth $7,041,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in ING Groep by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 389 shares during the last quarter. Zions Bancorporation boosted its position in ING Groep by 1,021.8% in the third quarter. Zions Bancorporation now owns 7,011 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 6,386 shares during the last quarter. Krilogy Financial LLC purchased a new position in ING Groep in the second quarter worth $127,000. Bank of Nova Scotia Trust Co. purchased a new position in ING Groep in the third quarter worth $156,000. Finally, Diligent Investors LLC purchased a new position in ING Groep in the third quarter worth $190,000. 2.97% of the stock is currently owned by institutional investors and hedge funds.

ING Groep NV (ING) opened at $20.22 on Thursday. ING Groep NV has a 1 year low of $13.63 and a 1 year high of $20.58. 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 company has a market capitalization of $78,310.00, a price-to-earnings ratio of 13.76, a PEG ratio of 2.46 and a beta of 1.20.

ING Groep (NYSE:ING) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.41 EPS for the quarter. ING Groep had a return on equity of 11.06% and a net margin of 26.20%. sell-side analysts forecast that ING Groep NV will post 1.62 earnings per share for the current fiscal year.

Several research analysts have weighed in on ING shares. Zacks Investment Research raised ING Groep from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, December 5th. Deutsche Bank reissued a “buy” rating on shares of ING Groep in a research report on Thursday, October 12th. Goldman Sachs Group reissued a “buy” rating on shares of ING Groep in a research report on Wednesday, December 6th. UBS Group reissued a “buy” rating on shares of ING Groep in a research report on Monday, December 11th. Finally, ValuEngine raised ING Groep from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. ING Groep presently has an average rating of “Buy” and a consensus price target of $18.50.

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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.

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

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