Syon Capital LLC Sells 1,007 Shares of ING Groep (NYSE:ING)

Syon Capital LLC lowered its stake in ING Groep (NYSE:ING) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,045 shares of the financial services provider’s stock after selling 1,007 shares during the quarter. Syon Capital LLC’s holdings in ING Groep were worth $181,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ING. New York State Common Retirement Fund bought a new stake in ING Groep in the third quarter valued at $253,000. Envestnet Portfolio Solutions Inc. bought a new stake in ING Groep in the third quarter valued at $698,000. Envestnet Asset Management Inc. boosted its holdings in ING Groep by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,799,350 shares of the financial services provider’s stock valued at $36,895,000 after acquiring an additional 98,057 shares in the last quarter. FMR LLC boosted its holdings in ING Groep by 10.2% in the third quarter. FMR LLC now owns 5,113,296 shares of the financial services provider’s stock valued at $67,393,000 after acquiring an additional 474,505 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in ING Groep in the third quarter valued at $800,000. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of ING Groep stock opened at $16.94 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $59.26 billion, a P/E ratio of 7.50 and a beta of 1.54. The business has a fifty day simple moving average of $17.03 and a two-hundred day simple moving average of $15.46. ING Groep has a 12 month low of $12.44 and a 12 month high of $18.04.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.52 EPS for the quarter. The business had revenue of $6.06 billion during the quarter. ING Groep had a return on equity of 13.22% and a net margin of 32.20%. On average, equities analysts forecast that ING Groep will post 2.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays upgraded shares of ING Groep from an “equal weight” rating to an “overweight” rating in a report on Friday, June 7th.

ING Groep Profile

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.