ING Group, N.V. $ING Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its stake in shares of ING Group, N.V. (NYSE:ING) by 12.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,005 shares of the financial services provider’s stock after purchasing an additional 20,923 shares during the period. Rockefeller Capital Management L.P.’s holdings in ING Group were worth $5,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MidFirst Bank acquired a new stake in shares of ING Group in the fourth quarter valued at about $25,000. YANKCOM Partnership grew its position in ING Group by 197.2% during the fourth quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock worth $27,000 after buying an additional 629 shares during the period. Binnacle Investments Inc grew its position in ING Group by 57.0% during the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after buying an additional 395 shares during the period. Transamerica Financial Advisors LLC increased its holdings in ING Group by 359.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,113 shares of the financial services provider’s stock valued at $31,000 after buying an additional 871 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in ING Group by 129.1% in the fourth quarter. Sound Income Strategies LLC now owns 1,283 shares of the financial services provider’s stock valued at $37,000 after buying an additional 723 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Group Price Performance

ING Group stock opened at $30.81 on Friday. ING Group, N.V. has a 1 year low of $21.63 and a 1 year high of $32.22. The firm has a 50 day moving average price of $29.92 and a 200 day moving average price of $28.69. The company has a market cap of $89.67 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.00 and a beta of 0.84. 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 (NYSE:ING) last posted its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $616.97 million for the quarter, compared to the consensus estimate of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. Sell-side analysts predict that ING Group, N.V. will post 2.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ING has been the subject of a number of research reports. Morgan Stanley reiterated an “equal weight” rating on shares of ING Group in a research report on Monday, March 23rd. Wall Street Zen downgraded ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. Keefe, Bruyette & Woods raised ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Zacks Research cut shares of ING Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.