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.

A number of analysts recently weighed in on ING shares. ValuEngine raised shares of ING Groep from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Societe Generale raised shares of ING Groep from a “hold” rating to a “buy” rating in a report on Wednesday, January 16th. Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a report on Tuesday, December 25th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of ING Groep in a report on Thursday, November 1st. Finally, Credit Suisse Group raised shares of ING Groep from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold”.

TRADEMARK VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2019/02/11/ing-groep-nv-ing-position-cut-by-ifp-advisors-inc.html.

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.

Featured Story: Momentum Investing

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

Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.