XY Capital Ltd Sells 21,056 Shares of ING Group, N.V. $ING

XY Capital Ltd lessened its stake in ING Group, N.V. (NYSE:ING) by 39.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,933 shares of the financial services provider’s stock after selling 21,056 shares during the quarter. ING Group accounts for about 0.8% of XY Capital Ltd’s investment portfolio, making the stock its 27th biggest holding. XY Capital Ltd’s holdings in ING Group were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in ING. MidFirst Bank acquired a new stake in shares of ING Group during the fourth quarter worth $25,000. YANKCOM Partnership boosted its stake in ING Group by 197.2% in the 4th quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 629 shares during the period. Evergreen Advisors LLC acquired a new position in ING Group in the 1st quarter worth $28,000. Binnacle Investments Inc increased its holdings 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 purchasing an additional 395 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in ING Group by 359.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,113 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 871 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research lowered ING Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Keefe, Bruyette & Woods upgraded ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ING Group Stock Up 2.8%

ING Group stock opened at $33.10 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. ING Group, N.V. has a 1-year low of $22.53 and a 1-year high of $33.35. The company has a fifty day simple moving average of $31.11 and a 200 day simple moving average of $29.25. The company has a market cap of $96.33 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 1.04 and a beta of 0.85.

ING Group (NYSE:ING) last issued its quarterly earnings results 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. ING Group had a net margin of 27.68% and a return on equity of 12.27%. The firm had revenue of $616.97 million for the quarter, compared to analysts’ expectations of $6.86 billion. Research analysts anticipate that ING Group, N.V. will post 2.77 earnings per share for the current fiscal 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.