ING Groep NV (ING) Position Cut by IFP Advisors Inc
IFP Advisors Inc cut its stake in ING Groep NV (NYSE:ING) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,406 shares of the financial services provider’s stock after selling 843 shares during the period. IFP Advisors Inc’s holdings in ING Groep were worth $100,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of ING. Assetmark Inc. raised its holdings in shares of ING Groep by 12.4% during the third quarter. Assetmark Inc. now owns 1,084,521 shares of the financial services provider’s stock worth $14,066,000 after purchasing an additional 119,687 shares during the period. Rhumbline Advisers acquired a new stake in shares of ING Groep during the third quarter worth $142,000. Afam Capital Inc. raised its holdings in shares of ING Groep by 5.1% during the third quarter. Afam Capital Inc. now owns 394,429 shares of the financial services provider’s stock worth $5,116,000 after purchasing an additional 19,250 shares during the period. Verition Fund Management LLC acquired a new stake in shares of ING Groep during the third quarter worth $185,000. Finally, Virginia National Bank acquired a new stake in shares of ING Groep during the third quarter worth $3,735,000. 3.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ING opened at $12.20 on Monday. The stock has a market capitalization of $47.48 billion, a P/E ratio of 7.44 and a beta of 1.22. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.12 and a quick ratio of 1.12. ING Groep NV has a 52-week low of $10.21 and a 52-week high of $18.57.
ING Groep Profile
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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