XY Capital Ltd Sells 47,557 Shares of ING Group, N.V. $ING

XY Capital Ltd lessened its stake in shares of ING Group, N.V. (NYSE:ING) by 47.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,989 shares of the financial services provider’s stock after selling 47,557 shares during the period. ING Group comprises approximately 0.9% of XY Capital Ltd’s investment portfolio, making the stock its 24th biggest holding. XY Capital Ltd’s holdings in ING Group were worth $1,484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aprio Wealth Management LLC grew its stake in shares of ING Group by 1.6% in the 4th quarter. Aprio Wealth Management LLC now owns 23,240 shares of the financial services provider’s stock valued at $651,000 after buying an additional 370 shares during the period. Binnacle Investments Inc grew its stake in shares of ING Group by 57.0% in the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after buying an additional 395 shares during the period. Advisors Asset Management Inc. grew its stake in shares of ING Group by 0.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 63,613 shares of the financial services provider’s stock valued at $1,659,000 after buying an additional 397 shares during the period. Prospera Financial Services Inc grew its stake in shares of ING Group by 3.1% in the 4th quarter. Prospera Financial Services Inc now owns 15,163 shares of the financial services provider’s stock valued at $425,000 after buying an additional 460 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of ING Group by 1.1% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 41,184 shares of the financial services provider’s stock valued at $1,153,000 after buying an additional 467 shares during the period. Institutional investors own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ING shares. Morgan Stanley reissued an “equal weight” rating on shares of ING Group in a research note on Monday, March 23rd. Zacks Research cut shares of ING Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Wall Street Zen lowered shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ING Group Stock Performance

Shares of ING stock opened at $29.68 on Friday. The firm’s 50 day moving average price is $29.22 and its 200-day moving average price is $28.32. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.11 and a current ratio of 1.11. ING Group, N.V. has a one year low of $20.39 and a one year high of $31.40. The firm has a market cap of $86.38 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.92 and a beta of 0.84.

ING Group (NYSE:ING) last issued its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $616.97 million for the quarter, compared to analyst estimates of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. As a group, equities research analysts predict that ING Group, N.V. will post 2.77 EPS for the current year.

About ING Group

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.