Crossmark Global Holdings Inc. Has $6.94 Million Stock Position in ING Group, N.V. $ING

Crossmark Global Holdings Inc. trimmed its position in ING Group, N.V. (NYSE:ING) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 247,804 shares of the financial services provider’s stock after selling 29,735 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ING Group were worth $6,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. QRG Capital Management Inc. raised its stake in ING Group by 1.0% during the 4th quarter. QRG Capital Management Inc. now owns 178,924 shares of the financial services provider’s stock valued at $5,010,000 after purchasing an additional 1,691 shares during the last quarter. Truist Financial Corp raised its stake in ING Group by 2.5% during the 4th quarter. Truist Financial Corp now owns 149,565 shares of the financial services provider’s stock valued at $4,188,000 after purchasing an additional 3,620 shares during the last quarter. Benjamin Edwards Inc. raised its stake in ING Group by 21.8% during the 4th quarter. Benjamin Edwards Inc. now owns 51,803 shares of the financial services provider’s stock valued at $1,451,000 after purchasing an additional 9,269 shares during the last quarter. Capital Investment Counsel LLC raised its stake in ING Group by 1.0% during the 4th quarter. Capital Investment Counsel LLC now owns 272,776 shares of the financial services provider’s stock valued at $7,638,000 after purchasing an additional 2,766 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in ING Group by 2.9% during the 4th quarter. Fifth Third Bancorp now owns 49,836 shares of the financial services provider’s stock valued at $1,395,000 after purchasing an additional 1,396 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Stock Up 1.1%

ING Group stock opened at $30.12 on Friday. The company’s 50 day simple moving average is $27.39 and its 200 day simple moving average is $27.41. ING Group, N.V. has a fifty-two week low of $20.39 and a fifty-two week high of $31.17. The firm has a market capitalization of $87.64 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.97 and a beta of 0.83. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11.

ING Group (NYSE:ING) last released its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The business 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%. As a group, sell-side analysts anticipate that ING Group, N.V. will post 2.75 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ING. Deutsche Bank Aktiengesellschaft upgraded shares of ING Group from a “hold” rating to a “buy” rating in a research note on Monday, February 2nd. 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. Jefferies Financial Group began coverage on shares of ING Group in a research note on Tuesday, January 27th. They set a “hold” rating for the company. Wall Street Zen cut shares of ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Zacks Research cut shares of ING Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, ING Group presently has an average rating of “Moderate Buy”.

ING Group 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.