Parr Mcknight Wealth Management Group LLC Purchases 91,896 Shares of ING Group, N.V. $ING

Parr Mcknight Wealth Management Group LLC raised its position in shares of ING Group, N.V. (NYSE:ING) by 954.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,528 shares of the financial services provider’s stock after buying an additional 91,896 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in ING Group were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ING. CIBC Private Wealth Group LLC increased its holdings in ING Group by 4.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,734 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 361 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in shares of ING Group by 1.6% in the fourth 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 last quarter. Quadrant Capital Group LLC raised its holdings in shares of ING Group by 0.4% in the fourth quarter. Quadrant Capital Group LLC now owns 106,170 shares of the financial services provider’s stock valued at $2,973,000 after buying an additional 374 shares during the last quarter. Binnacle Investments Inc lifted its position in ING Group by 57.0% during the 3rd 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in ING Group by 10.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,470 shares of the financial services provider’s stock worth $125,000 after buying an additional 423 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ING shares. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. Morgan Stanley reiterated an “equal weight” rating on shares of ING Group in a research report 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. Finally, Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a research report on Thursday, March 26th. One equities research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

ING Group Trading Up 0.0%

NYSE ING opened at $32.40 on Monday. ING Group, N.V. has a 12 month low of $22.40 and a 12 month high of $32.99. The stock has a 50-day simple moving average of $30.67 and a 200 day simple moving average of $29.03. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The company has a market capitalization of $94.28 billion, a PE ratio of 12.80, a P/E/G ratio of 1.04 and a beta of 0.85.

ING Group (NYSE:ING) last issued its earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $616.97 million for the quarter, compared to analysts’ expectations of $6.86 billion. ING Group had a return on equity of 12.27% and a net margin of 27.68%. Research analysts forecast 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.