XTX Topco Ltd Sells 22,588 Shares of ING Group, N.V. $ING

XTX Topco Ltd reduced its position in shares of ING Group, N.V. (NYSE:ING) by 50.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,003 shares of the financial services provider’s stock after selling 22,588 shares during the period. XTX Topco Ltd’s holdings in ING Group were worth $481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of ING Group during the second quarter worth approximately $37,000. Maseco LLP bought a new position in ING Group in the 2nd quarter valued at $48,000. Whipplewood Advisors LLC boosted its stake in ING Group by 17.9% in the second quarter. Whipplewood Advisors LLC now owns 3,558 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 539 shares in the last quarter. MAI Capital Management grew its holdings in shares of ING Group by 23.1% during the first quarter. MAI Capital Management now owns 4,190 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 785 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in shares of ING Group during the second quarter worth $85,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Price Performance

Shares of NYSE ING opened at $26.34 on Friday. ING Group, N.V. has a 1 year low of $15.09 and a 1 year high of $26.64. The firm’s 50-day moving average is $25.16 and its 200-day moving average is $23.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.99. The firm has a market capitalization of $82.90 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.87 and a beta of 0.81.

ING Group (NYSE:ING) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. ING Group had a net margin of 26.94% and a return on equity of 11.57%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.35 billion. Equities analysts expect that ING Group, N.V. will post 2.14 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on ING. Cfra Research upgraded shares of ING Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 25th. Morgan Stanley raised shares of ING Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 2nd. Citigroup upgraded shares of ING Group to a “strong-buy” rating in a research report on Friday, November 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of ING Group in a report on Monday. Finally, Keefe, Bruyette & Woods cut shares of ING Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About ING Group

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.