BKM Wealth Management LLC Increases Stake in ING Groep (NYSE:ING)

BKM Wealth Management LLC lifted its stake in shares of ING Groep (NYSE:ING) by 35.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,515 shares of the financial services provider’s stock after buying an additional 8,282 shares during the quarter. BKM Wealth Management LLC’s holdings in ING Groep were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in ING Groep in the third quarter worth about $800,000. LPL Financial LLC lifted its stake in shares of ING Groep by 24.8% in the third quarter. LPL Financial LLC now owns 274,444 shares of the financial services provider’s stock worth $3,617,000 after buying an additional 54,552 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of ING Groep by 8.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 151,672 shares of the financial services provider’s stock worth $1,999,000 after buying an additional 11,932 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of ING Groep by 7.0% in the third quarter. Synovus Financial Corp now owns 88,911 shares of the financial services provider’s stock worth $1,172,000 after buying an additional 5,841 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of ING Groep by 101.2% in the third quarter. Qube Research & Technologies Ltd now owns 384,667 shares of the financial services provider’s stock worth $5,070,000 after buying an additional 193,489 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of ING Groep from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 7th.

ING Groep Stock Performance

ING stock traded up $0.44 during midday trading on Monday, reaching $17.58. 1,515,781 shares of the company’s stock traded hands, compared to its average volume of 2,749,275. ING Groep has a 52-week low of $12.44 and a 52-week high of $18.04. The stock has a market cap of $61.50 billion, a P/E ratio of 7.81 and a beta of 1.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68. The stock’s 50-day moving average is $17.16 and its 200 day moving average is $15.60.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.52 EPS for the quarter. The firm had revenue of $6.06 billion for the quarter. ING Groep had a net margin of 32.20% and a return on equity of 13.22%. As a group, analysts anticipate that ING Groep will post 2.01 EPS for the current year.

ING Groep Company Profile

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.