HRT Financial LLC Invests $321,000 in ING Groep NV (NYSE:ING) Stock

HRT Financial LLC bought a new stake in shares of ING Groep NV (NYSE:ING) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,475 shares of the financial services provider’s stock, valued at approximately $321,000.

A number of other large investors have also recently modified their holdings of ING. Fisher Asset Management LLC grew its holdings in ING Groep by 4.0% during the 2nd quarter. Fisher Asset Management LLC now owns 43,296,870 shares of the financial services provider’s stock valued at $620,011,000 after purchasing an additional 1,679,519 shares during the last quarter. UBS Group AG grew its stake in ING Groep by 102.6% in the 1st quarter. UBS Group AG now owns 2,454,246 shares of the financial services provider’s stock worth $41,550,000 after acquiring an additional 1,242,824 shares in the last quarter. Boston Partners bought a new position in ING Groep in the 2nd quarter worth about $13,716,000. BlackRock Inc. grew its stake in ING Groep by 4,207.1% in the 2nd quarter. BlackRock Inc. now owns 630,650 shares of the financial services provider’s stock worth $9,033,000 after acquiring an additional 616,008 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in ING Groep by 5.7% in the 2nd quarter. Bank of America Corp DE now owns 10,242,046 shares of the financial services provider’s stock worth $146,666,000 after acquiring an additional 555,940 shares in the last quarter. Institutional investors own 3.53% of the company’s stock.

ING has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of ING Groep from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. JPMorgan Chase & Co. downgraded shares of ING Groep from an “overweight” rating to a “neutral” rating in a research note on Monday, September 3rd. Finally, ValuEngine downgraded shares of ING Groep from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. ING Groep presently has a consensus rating of “Hold” and an average price target of $21.00.

NYSE:ING opened at $12.50 on Tuesday. ING Groep NV has a 52 week low of $12.36 and a 52 week high of $20.58. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $50.40 billion, a P/E ratio of 8.69, a PEG ratio of 1.64 and a beta of 1.27.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, August 2nd. The financial services provider reported $0.44 EPS for the quarter. ING Groep had a net margin of 28.47% and a return on equity of 10.28%. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.06 billion. As a group, equities analysts anticipate that ING Groep NV will post 1.58 EPS for the current fiscal 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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