35,125 ING Group, N.V. $ING Shares Purchased by First Command Advisory Services Inc.

First Command Advisory Services Inc. increased its holdings in shares of ING Group, N.V. (NYSE:ING) by 299.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,857 shares of the financial services provider’s stock after acquiring an additional 35,125 shares during the quarter. First Command Advisory Services Inc.’s holdings in ING Group were worth $1,663,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. West Financial Advisors LLC acquired a new stake in ING Group in the 3rd quarter valued at about $26,000. Evergreen Advisors LLC purchased a new position in ING Group in the 1st quarter worth approximately $28,000. Financial Network Wealth Advisors LLC lifted its stake in ING Group by 62.1% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 963 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 369 shares in the last quarter. Root Financial Partners LLC purchased a new position in ING Group in the 3rd quarter worth approximately $46,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of ING Group by 25.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,809 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. DZ Bank restated a “buy” rating on shares of ING Group in a research report on Tuesday, August 4th. Jefferies Financial Group reiterated a “neutral” rating on shares of ING Group in a research report on Thursday, September 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of ING Group in a research report on Friday, August 7th. JPMorgan Chase & Co. reissued a “buy” rating on shares of ING Group in a research note on Thursday, October 1st. Finally, UBS Group restated a “buy” rating on shares of ING Group in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.50.

ING Group Price Performance

NYSE:ING opened at $33.48 on Thursday. The firm has a market capitalization of $95.74 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.92 and a beta of 0.89. The company’s 50-day moving average is $34.46 and its two-hundred day moving average is $31.43. ING Group, N.V. has a 1-year low of $24.35 and a 1-year high of $37.52.

About ING Group

ING Group, formally ING Groep N.V., is a Netherlands-based financial institution focused primarily on banking. It serves individuals, businesses and other organizations through digital and branch-based banking services. Its products and services include current and savings accounts, payments, mortgages, consumer loans, business lending, cash management and trade finance. ING also provides corporate and investment banking services, including financing and financial-markets solutions. Headquartered in Amsterdam, ING serves customers across Europe and has wholesale banking operations in markets around the world.