ING Group, N.V. $ING Stock Purchased by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in shares of ING Group, N.V. (NYSE:ING) by 63.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,018 shares of the financial services provider’s stock after purchasing an additional 37,237 shares during the period. Vise Technologies Inc.’s holdings in ING Group were worth $3,409,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Confluence Investment Management LLC lifted its stake in ING Group by 0.6% in the third quarter. Confluence Investment Management LLC now owns 56,923 shares of the financial services provider’s stock worth $2,021,000 after purchasing an additional 334 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of ING Group by 1.5% during the second quarter. Rehmann Capital Advisory Group now owns 22,251 shares of the financial services provider’s stock valued at $698,000 after buying an additional 336 shares during the period. Greenspring Advisors LLC grew its stake in shares of ING Group by 3.1% during the second quarter. Greenspring Advisors LLC now owns 11,216 shares of the financial services provider’s stock valued at $352,000 after buying an additional 339 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of ING Group by 6.7% during the third quarter. Manchester Capital Management LLC now owns 5,386 shares of the financial services provider’s stock valued at $191,000 after buying an additional 340 shares during the last quarter. Finally, Contravisory Investment Management Inc. raised its holdings in shares of ING Group by 3.5% in the second quarter. Contravisory Investment Management Inc. now owns 10,309 shares of the financial services provider’s stock worth $323,000 after buying an additional 349 shares during the period. 4.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ING has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “neutral” rating on shares of ING Group in a research note on Thursday, September 17th. The Goldman Sachs Group restated a “buy” rating on shares of ING Group in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ING Group in a research report on Tuesday, August 25th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ING Group in a research note on Thursday, October 1st. Finally, Weiss Ratings upgraded ING Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, ING Group presently has an average rating of “Moderate Buy” and an average price target of $34.50.

ING Group Stock Performance

NYSE:ING opened at $30.93 on Wednesday. ING Group, N.V. has a one year low of $24.35 and a one year high of $37.52. The firm has a market cap of $88.45 billion, a P/E ratio of 11.33, a P/E/G ratio of 0.86 and a beta of 0.89. The firm has a 50-day simple moving average of $34.75 and a 200-day simple moving average of $31.31.

ING Group Profile

ING Groep N.V. is a Netherlands-based international banking group headquartered in Amsterdam. Through its principal banking operations, ING provides retail and commercial banking services to individuals, businesses and institutions, with a strong emphasis on digital banking and mobile financial services.

The company’s products and services include current and savings accounts, consumer and residential lending, business loans, payments, investment services, and wholesale banking. Its wholesale banking operations serve corporate and institutional clients with services such as lending, transaction banking, financial markets, and corporate finance.