14,146 Shares in ING Groep (NYSE:ING) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new position in ING Groep (NYSE:ING) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,146 shares of the financial services provider’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Beverly Hills Private Wealth LLC lifted its stake in shares of ING Groep by 4.7% in the second quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 602 shares during the period. Checchi Capital Advisers LLC lifted its stake in ING Groep by 3.8% in the second quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock valued at $300,000 after buying an additional 637 shares during the period. Pzena Investment Management LLC lifted its stake in ING Groep by 1.2% in the second quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock valued at $922,000 after buying an additional 640 shares during the period. Valeo Financial Advisors LLC lifted its stake in ING Groep by 6.5% in the third quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock valued at $204,000 after buying an additional 684 shares during the period. Finally, Wedmont Private Capital lifted its stake in ING Groep by 6.6% in the third quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock valued at $195,000 after buying an additional 688 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ING. Citigroup raised ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 26th. Barclays lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th.

ING Groep Trading Down 1.0 %

NYSE ING opened at $15.36 on Wednesday. The company has a market cap of $53.73 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 6.07 and a beta of 1.48. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The business has a 50 day moving average price of $16.21 and a 200-day moving average price of $17.17. The company has a quick ratio of 1.13, a current 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.