ING Group, N.V. $ING Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in shares of ING Group, N.V. (NYSE:ING) by 134.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,334 shares of the financial services provider’s stock after buying an additional 17,945 shares during the quarter. Vise Technologies Inc.’s holdings in ING Group were worth $877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ING. 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 valued at $27,000 after buying an additional 629 shares during the period. Binnacle Investments Inc lifted its position in shares of ING Group by 57.0% during the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after buying an additional 395 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of ING Group by 129.1% during the 4th 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. Maseco LLP purchased a new position in shares of ING Group during the 4th quarter valued at approximately $67,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of ING Group during the 4th quarter valued at approximately $106,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Stock Performance

NYSE ING opened at $29.27 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73. ING Group, N.V. has a 52-week low of $20.39 and a 52-week high of $31.40. The business’s 50-day moving average price is $29.07 and its 200 day moving average price is $28.25. The firm has a market cap of $85.19 billion, a P/E ratio of 11.57, a P/E/G ratio of 0.94 and a beta of 0.84.

ING Group (NYSE:ING) last released its quarterly 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. ING Group had a return on equity of 12.27% and a net margin of 27.68%.The firm had revenue of $616.97 million for the quarter, compared to analyst estimates of $6.86 billion. On average, equities research analysts expect that ING Group, N.V. will post 2.77 earnings per share for the current year.

Analyst Ratings Changes

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

ING Group Company Profile

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.