Quadrant Capital Group LLC Boosts Stake in ING Group, N.V. (ING)

Quadrant Capital Group LLC lifted its position in ING Group, N.V. (NYSE:ING) by 5.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,989 shares of the financial services provider’s stock after purchasing an additional 389 shares during the quarter. Quadrant Capital Group LLC’s holdings in ING Group, N.V. were worth $107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new position in shares of ING Group, N.V. in the 1st quarter worth about $166,000. Jacobi Capital Management LLC boosted its holdings in shares of ING Group, N.V. by 16.4% in the 1st quarter. Jacobi Capital Management LLC now owns 11,602 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 1,635 shares in the last quarter. MAI Capital Management purchased a new position in shares of ING Group, N.V. in the 2nd quarter worth about $178,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of ING Group, N.V. by 3.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,865 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 508 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of ING Group, N.V. in the 2nd quarter worth about $243,000. Hedge funds and other institutional investors own 2.86% of the company’s stock.

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A number of research firms have recently issued reports on ING. UBS AG reiterated a “buy” rating on shares of ING Group, N.V. in a report on Tuesday, September 5th. Deutsche Bank AG reiterated a “buy” rating on shares of ING Group, N.V. in a report on Thursday. BidaskClub upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. ValuEngine upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. Finally, Goldman Sachs Group, Inc. (The) upgraded ING Group, N.V. from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $15.00.

ING Group, N.V. (NYSE:ING) traded down 0.54% during midday trading on Thursday, hitting $18.57. The stock had a trading volume of 460,714 shares. The stock’s 50-day moving average is $18.09 and its 200-day moving average is $17.26. The company has a market capitalization of $72.13 billion, a PE ratio of 12.15 and a beta of 1.13. ING Group, N.V. has a 1-year low of $12.08 and a 1-year high of $18.94.

ING Group, N.V. Profile

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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