Rockefeller Capital Management L.P. Sells 9,981 Shares of ING Groep (NYSE:ING)

Rockefeller Capital Management L.P. reduced its position in shares of ING Groep (NYSE:ING) by 3.2% during the first quarter, Holdings Channel reports. The firm owned 303,405 shares of the financial services provider’s stock after selling 9,981 shares during the period. Rockefeller Capital Management L.P.’s holdings in ING Groep were worth $3,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ING. Comerica Bank lifted its position in shares of ING Groep by 3.8% during the fourth quarter. Comerica Bank now owns 224,184 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 8,276 shares in the last quarter. First Trust Advisors LP lifted its position in shares of ING Groep by 10.7% during the fourth quarter. First Trust Advisors LP now owns 87,855 shares of the financial services provider’s stock valued at $829,000 after purchasing an additional 8,477 shares in the last quarter. GSA Capital Partners LLP bought a new stake in ING Groep in the fourth quarter worth about $312,000. Boston Common Asset Management LLC raised its position in ING Groep by 12.5% in the fourth quarter. Boston Common Asset Management LLC now owns 648,359 shares of the financial services provider’s stock worth $6,121,000 after acquiring an additional 72,166 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in ING Groep in the fourth quarter worth about $99,000. 3.89% of the stock is currently owned by institutional investors.

ING has been the topic of several research reports. UBS Group reaffirmed a “buy” rating on shares of ING Groep in a research report on Friday, April 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of ING Groep in a research report on Tuesday, April 13th. HSBC reaffirmed a “hold” rating on shares of ING Groep in a research report on Friday, May 28th. Credit Suisse Group reaffirmed an “outperform” rating on shares of ING Groep in a research report on Friday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ING Groep in a research note on Monday, April 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. ING Groep currently has an average rating of “Buy” and an average price target of $15.00.

ING opened at $13.37 on Friday. The stock has a market capitalization of $52.10 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 0.42 and a beta of 1.98. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50-day simple moving average of $13.05. ING Groep has a twelve month low of $6.63 and a twelve month high of $14.28.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, May 6th. The financial services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.06. The firm had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.41 billion. ING Groep had a net margin of 16.01% and a return on equity of 5.33%. On average, research analysts expect that ING Groep will post 1.35 earnings per share for the current year.

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

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