FNY Partners Fund LP Buys 99,900 Shares of ING Group, N.V. (ING)

FNY Partners Fund LP increased its stake in shares of ING Group, N.V. (NYSE:ING) by 99,900.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the financial services provider’s stock after buying an additional 99,900 shares during the period. FNY Partners Fund LP’s holdings in ING Group, N.V. were worth $1,509,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ING. Bank of America Corp DE boosted its stake in ING Group, N.V. by 5.4% in the first quarter. Bank of America Corp DE now owns 8,039,257 shares of the financial services provider’s stock valued at $121,313,000 after buying an additional 410,416 shares in the last quarter. Schafer Cullen Capital Management Inc. boosted its stake in ING Group, N.V. by 4.1% in the first quarter. Schafer Cullen Capital Management Inc. now owns 4,084,589 shares of the financial services provider’s stock valued at $61,636,000 after buying an additional 160,328 shares in the last quarter. Fisher Asset Management LLC boosted its stake in ING Group, N.V. by 545.9% in the first quarter. Fisher Asset Management LLC now owns 2,869,131 shares of the financial services provider’s stock valued at $43,295,000 after buying an additional 2,424,953 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in ING Group, N.V. by 10.2% in the first quarter. Parametric Portfolio Associates LLC now owns 2,503,729 shares of the financial services provider’s stock valued at $37,781,000 after buying an additional 232,169 shares in the last quarter. Finally, Todd Asset Management LLC boosted its stake in ING Group, N.V. by 6.5% in the first quarter. Todd Asset Management LLC now owns 1,417,802 shares of the financial services provider’s stock valued at $21,394,000 after buying an additional 86,201 shares in the last quarter. Institutional investors own 1.85% of the company’s stock.

Shares of ING Group, N.V. (ING) traded down 0.307% during trading on Wednesday, reaching $17.885. The company had a trading volume of 2,103,851 shares. The stock has a market capitalization of $69.44 billion, a PE ratio of 12.472 and a beta of 1.14. ING Group, N.V. has a 12 month low of $9.98 and a 12 month high of $17.95. The stock’s 50-day moving average price is $16.96 and its 200-day moving average price is $15.41.

ING Group, N.V. (NYSE:ING) last issued its quarterly earnings results on Wednesday, May 10th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $4.68 billion during the quarter. ING Group, N.V. had a return on equity of 10.47% and a net margin of 25.61%. Equities analysts forecast that ING Group, N.V. will post $0.90 earnings per share for the current fiscal year.

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Several analysts have recently commented on the company. BidaskClub raised ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Saturday. Deutsche Bank AG reissued a “buy” rating on shares of ING Group, N.V. in a report on Tuesday, June 20th. Zacks Investment Research raised ING Group, N.V. from a “sell” rating to a “hold” rating and set a $19.00 price target for the company in a report on Tuesday, May 9th. ValuEngine raised ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Finally, HSBC Holdings plc cut ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a report on Wednesday, May 31st. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $17.00.

About ING Group, N.V.

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

Institutional Ownership by Quarter for ING Group, N.V. (NYSE:ING)

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