Pzena Investment Management LLC Lowers Stock Position in ING Groep (NYSE:ING)

Pzena Investment Management LLC trimmed its position in shares of ING Groep (NYSE:ING) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,932 shares of the financial services provider’s stock after selling 3,878 shares during the quarter. Pzena Investment Management LLC’s holdings in ING Groep were worth $907,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ING. Fortitude Family Office LLC acquired a new stake in shares of ING Groep during the third quarter worth $25,000. Summit Securities Group LLC purchased a new position in ING Groep during the 2nd quarter worth approximately $31,000. Rothschild Investment LLC acquired a new stake in ING Groep during the 2nd quarter valued at approximately $31,000. Mather Group LLC. boosted its holdings in shares of ING Groep by 57.3% in the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 782 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ING Groep during the second quarter worth $38,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ING shares. Barclays lowered ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

ING Groep Stock Performance

Shares of ING stock opened at $15.70 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72. The business’s 50 day moving average is $17.20 and its two-hundred day moving average is $17.46. The company has a market capitalization of $54.90 billion, a P/E ratio of 7.04, a P/E/G ratio of 6.15 and a beta of 1.52.

ING Groep Company Profile

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.