ING Groep (NYSE:ING) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its position in ING Groep (NYSE:ING) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 259,169 shares of the financial services provider’s stock after purchasing an additional 30,618 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in ING Groep were worth $4,706,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in shares of ING Groep in the 3rd quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in shares of ING Groep in the 2nd quarter valued at about $31,000. Rothschild Investment LLC acquired a new stake in shares of ING Groep in the 2nd quarter valued at about $31,000. Mather Group LLC. lifted its position in ING Groep by 57.3% during the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 782 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in ING Groep during the 2nd quarter worth approximately $41,000. 4.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ING has been the subject of a number of recent research reports. Citigroup raised ING Groep to a “strong-buy” rating in a research 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 cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Finally, Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

ING Groep Stock Performance

Shares of ING stock opened at $15.89 on Tuesday. The company has a market cap of $55.57 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 6.09 and a beta of 1.48. The stock has a 50 day simple moving average of $16.45 and a 200-day simple moving average of $17.27. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

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.