Secure Asset Management LLC acquired a new stake in shares of ING Groep NV (NYSE:ING) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 16,098 shares of the financial services provider’s stock, valued at approximately $194,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners boosted its stake in ING Groep by 422,760.8% during the fourth quarter. Boston Partners now owns 19,523,485 shares of the financial services provider’s stock worth $235,334,000 after buying an additional 19,518,868 shares during the period. Investment House LLC purchased a new position in ING Groep during the fourth quarter worth $121,000. Signaturefd LLC boosted its stake in ING Groep by 20.6% during the fourth quarter. Signaturefd LLC now owns 16,532 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,825 shares during the period. Samalin Investment Counsel LLC purchased a new position in ING Groep during the fourth quarter worth $45,000. Finally, Corient Capital Partners LLC purchased a new position in ING Groep during the fourth quarter worth $122,000. 3.49% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on the stock. Zacks Investment Research lowered shares of ING Groep from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a research note on Wednesday, February 5th. ValuEngine raised shares of ING Groep from a “sell” rating to a “hold” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ING Groep in a research note on Monday, February 3rd. Finally, Barclays raised shares of ING Groep from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.08.

Shares of NYSE:ING traded down $0.10 on Friday, hitting $11.56. 174,373 shares of the company’s stock were exchanged, compared to its average volume of 2,702,577. ING Groep NV has a 12 month low of $9.22 and a 12 month high of $13.72. The stock has a market capitalization of $45.31 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.73 and a beta of 1.36. The business’s 50 day simple moving average is $11.69 and its two-hundred day simple moving average is $11.06. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.13 and a quick ratio of 1.13.

About ING Groep

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

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