10,252 Shares in ING Group, N.V. $ING Bought by Syverson Strege & Co

Syverson Strege & Co bought a new position in shares of ING Group, N.V. (NYSE:ING) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,252 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other large investors have also bought and sold shares of the stock. Haven Private LLC bought a new position in ING Group during the 2nd quarter worth $212,000. Simon Quick Advisors LLC raised its position in ING Group by 61.7% during the 2nd quarter. Simon Quick Advisors LLC now owns 16,369 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 6,244 shares during the last quarter. Assetmark Inc. raised its position in ING Group by 26.8% during the 2nd quarter. Assetmark Inc. now owns 42,816 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 9,052 shares during the last quarter. Hantz Financial Services Inc. raised its position in ING Group by 2.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 104,629 shares of the financial services provider’s stock worth $2,288,000 after purchasing an additional 2,326 shares during the last quarter. Finally, Logan Capital Management Inc. raised its position in ING Group by 11.0% during the 2nd quarter. Logan Capital Management Inc. now owns 220,820 shares of the financial services provider’s stock worth $4,829,000 after purchasing an additional 21,853 shares during the last quarter. 4.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ING. Barclays raised ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 15th. Morgan Stanley upgraded ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 2nd. Cfra Research upgraded ING Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 25th. Finally, Weiss Ratings upgraded ING Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

ING Group Stock Performance

Shares of ING Group stock opened at $24.91 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.83. The business has a 50-day moving average price of $24.74 and a two-hundred day moving average price of $22.83. The company has a market cap of $78.39 billion, a P/E ratio of 11.22, a PEG ratio of 1.79 and a beta of 1.07. ING Group, N.V. has a 1-year low of $15.09 and a 1-year high of $26.27.

ING Group (NYSE:ING) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.35 billion. ING Group had a return on equity of 11.62% and a net margin of 26.94%. As a group, analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group 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.