Teachers Retirement System of The State of Kentucky Has $45.99 Million Holdings in ING Group, N.V. $ING

Teachers Retirement System of The State of Kentucky cut its holdings in shares of ING Group, N.V. (NYSE:ING) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,765,380 shares of the financial services provider’s stock after selling 19,270 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.06% of ING Group worth $45,988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its stake in ING Group by 4.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 8,734 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 361 shares in the last quarter. Aprio Wealth Management LLC increased its stake 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 in the last quarter. Quadrant Capital Group LLC increased its stake 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 in the last quarter. Binnacle Investments Inc raised its holdings in shares of ING Group by 57.0% in the third 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of ING Group by 10.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,470 shares of the financial services provider’s stock valued at $125,000 after buying an additional 423 shares during the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ING Group Price Performance

Shares of ING stock opened at $32.40 on Monday. The firm has a market cap of $94.28 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.04 and a beta of 0.85. ING Group, N.V. has a 12 month low of $22.40 and a 12 month high of $32.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73. The stock has a 50-day moving average price of $30.67 and a 200 day moving average price of $29.03.

ING Group (NYSE:ING) last released its earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $616.97 million for the quarter, compared to the consensus estimate of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. Research analysts expect that ING Group, N.V. will post 2.77 EPS for the current year.

ING Group 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.