Todd Asset Management LLC Trims Stock Holdings in ING Groep NV (NYSE:ING)

Todd Asset Management LLC decreased its holdings in ING Groep NV (NYSE:ING) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,374,545 shares of the financial services provider’s stock after selling 8,503 shares during the period. Todd Asset Management LLC’s holdings in ING Groep were worth $15,903,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ING. Enterprise Financial Services Corp grew its stake in ING Groep by 85.6% during the first quarter. Enterprise Financial Services Corp now owns 2,287 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 1,055 shares in the last quarter. JNBA Financial Advisors purchased a new position in ING Groep during the first quarter valued at approximately $32,000. Bessemer Group Inc. purchased a new position in ING Groep during the second quarter valued at approximately $34,000. Zions Bancorporation N.A. purchased a new position in ING Groep during the first quarter valued at approximately $44,000. Finally, Carroll Financial Associates Inc. grew its stake in ING Groep by 40.4% during the second quarter. Carroll Financial Associates Inc. now owns 3,780 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,088 shares in the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

ING stock traded down $0.22 during midday trading on Friday, reaching $9.28. The company had a trading volume of 3,067,868 shares, compared to its average volume of 4,045,012. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.96 and a quick ratio of 1.13. ING Groep NV has a 1 year low of $9.22 and a 1 year high of $14.08. The company has a market capitalization of $36.97 billion, a P/E ratio of 5.66, a P/E/G ratio of 3.35 and a beta of 1.29. The firm has a 50-day moving average price of $10.71 and a 200-day moving average price of $11.74.

ING has been the subject of several recent analyst reports. BNP Paribas cut shares of ING Groep from an “outperform” rating to a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised shares of ING Groep from a “neutral” rating to an “overweight” rating in a research note on Wednesday, June 5th. ValuEngine raised shares of ING Groep from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Exane BNP Paribas cut shares of ING Groep from an “outperform” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, Zacks Investment Research cut shares of ING Groep from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.58.

ING Groep Company Profile

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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