ING Group, N.V. $ING Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of ING Group, N.V. (NYSE:ING) by 4,512.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 911,413 shares of the financial services provider’s stock after acquiring an additional 891,652 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ING Group were worth $25,520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ING. YANKCOM Partnership lifted its position in ING Group by 197.2% during the fourth quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock valued at $27,000 after buying an additional 629 shares in the last quarter. Binnacle Investments Inc lifted its position in ING Group by 57.0% during the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after buying an additional 395 shares in the last quarter. Root Financial Partners LLC acquired a new position in ING Group during the third quarter valued at approximately $34,000. Sound Income Strategies LLC lifted its position in ING Group by 129.1% during the fourth quarter. Sound Income Strategies LLC now owns 1,283 shares of the financial services provider’s stock valued at $37,000 after buying an additional 723 shares in the last quarter. Finally, Maseco LLP acquired a new position in ING Group during the fourth quarter valued at approximately $67,000. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Group Trading Down 1.0%

ING opened at $29.25 on Wednesday. The firm has a market capitalization of $85.11 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.95 and a beta of 0.83. The firm’s 50 day moving average is $27.68 and its 200-day moving average is $27.73. ING Group, N.V. has a 52-week low of $20.39 and a 52-week high of $31.17. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73.

ING Group (NYSE:ING) last posted its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. Analysts expect that ING Group, N.V. will post 2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ING shares. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a research report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft raised shares of ING Group from a “hold” rating to a “buy” rating in a research report on Monday, February 2nd. Wall Street Zen lowered shares of ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research lowered shares of ING Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, ING Group currently has an average rating of “Moderate Buy”.

ING Group Company Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.