Sanders Capital LLC Decreases Position in ING Groep (NYSE:ING)

Sanders Capital LLC lowered its stake in shares of ING Groep (NYSE:ING) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,666 shares of the financial services provider’s stock after selling 13,436 shares during the quarter. Sanders Capital LLC’s holdings in ING Groep were worth $3,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of ING. Fortitude Family Office LLC purchased a new position in ING Groep during the 3rd quarter worth $25,000. Summit Securities Group LLC acquired a new stake in ING Groep during the 2nd quarter worth approximately $31,000. Rothschild Investment LLC acquired a new position in shares of ING Groep in the second quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ING Groep in the 2nd quarter valued at $38,000. Finally, Mather Group LLC. lifted its stake 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 worth $39,000 after acquiring an additional 782 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Trading Down 0.3 %

Shares of ING stock opened at $15.29 on Tuesday. The stock has a market cap of $53.49 billion, a P/E ratio of 6.88, a P/E/G ratio of 5.95 and a beta of 1.52. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a fifty-two week low of $12.77 and a fifty-two week high of $18.72. The business has a fifty day simple moving average of $17.03 and a 200-day simple moving average of $17.42.

Analyst Upgrades and Downgrades

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

About ING Groep

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.