Natixis Advisors LLC Cuts Stock Position in ING Group, N.V. $ING

Natixis Advisors LLC lessened its stake in shares of ING Group, N.V. (NYSE:ING) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,940,579 shares of the financial services provider’s stock after selling 304,868 shares during the quarter. Natixis Advisors LLC owned about 0.10% of ING Group worth $82,336,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ING. Amundi purchased a new stake in shares of ING Group during the first quarter worth approximately $760,000. AQR Capital Management LLC grew its holdings in ING Group by 27.0% during the first quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider’s stock worth $1,709,000 after acquiring an additional 18,562 shares during the period. Integrated Wealth Concepts LLC grew its holdings in ING Group by 5.4% during the first quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 1,094 shares during the period. Sivia Capital Partners LLC grew its holdings in ING Group by 19.5% during the second quarter. Sivia Capital Partners LLC now owns 16,823 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 2,745 shares during the period. Finally, Invesco Ltd. grew its holdings in ING Group by 28.9% during the second quarter. Invesco Ltd. now owns 47,534 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 10,650 shares during the period. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Group Trading Up 0.6%

Shares of ING stock opened at $31.04 on Wednesday. The business’s fifty day moving average price is $28.50 and its 200 day moving average price is $28.06. ING Group, N.V. has a 1-year low of $20.39 and a 1-year high of $31.40. The firm has a market capitalization of $90.32 billion, a PE ratio of 12.27, a P/E/G ratio of 0.99 and a beta of 0.84. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11.

ING Group (NYSE:ING) last posted its earnings results on Friday, May 1st. The financial services provider reported $0.63 EPS for the quarter, topping 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 return on equity of 12.27% and a net margin of 27.68%. As a group, sell-side analysts forecast that ING Group, N.V. will post 2.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ING. Zacks Research lowered ING Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen lowered ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Keefe, Bruyette & Woods raised ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock 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.