Teachers Retirement System of The State of Kentucky Has $30.02 Million Holdings in ING Groep (NYSE:ING)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of ING Groep (NYSE:ING) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,652,810 shares of the financial services provider’s stock after selling 22,800 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ING Groep were worth $30,015,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ING. Cetera Investment Advisers boosted its stake in shares of ING Groep by 81.4% in the 1st quarter. Cetera Investment Advisers now owns 104,291 shares of the financial services provider’s stock valued at $1,720,000 after purchasing an additional 46,785 shares during the last quarter. Cetera Advisors LLC bought a new position in ING Groep in the first quarter valued at approximately $441,000. Sequoia Financial Advisors LLC grew its holdings in ING Groep by 4.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 42,555 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 1,708 shares during the period. Wedmont Private Capital bought a new stake in shares of ING Groep during the 2nd quarter valued at $189,000. Finally, Blue Trust Inc. lifted its stake in shares of ING Groep by 706.1% in the 2nd quarter. Blue Trust Inc. now owns 4,788 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 4,194 shares during the period. 4.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup upgraded ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 26th. Finally, Barclays lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

ING Groep Stock Down 0.0 %

ING opened at $15.88 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock’s fifty day simple moving average is $16.45 and its 200 day simple moving average is $17.27. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72. The stock has a market cap of $55.53 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 6.09 and a beta of 1.48.

About ING Groep

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.