&Partners Takes $193,000 Position in ING Groep (NYSE:ING)

&Partners acquired a new position in shares of ING Groep (NYSE:ING) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,060 shares of the financial services provider’s stock, valued at approximately $193,000.

A number of other institutional investors also recently bought and sold shares of the company. Verdence Capital Advisors LLC purchased a new stake in ING Groep in the fourth quarter valued at $733,000. Raymond James & Associates raised its holdings in ING Groep by 31.1% in the 4th quarter. Raymond James & Associates now owns 488,936 shares of the financial services provider’s stock valued at $7,344,000 after buying an additional 116,114 shares during the period. Acadian Asset Management LLC purchased a new stake in ING Groep in the 3rd quarter valued at about $800,000. HTLF Bank acquired a new position in ING Groep in the fourth quarter valued at about $4,629,000. Finally, Tudor Investment Corp Et Al boosted its stake in ING Groep by 2,784.1% during the third quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock worth $4,349,000 after buying an additional 318,499 shares during the period. 4.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

ING Groep Trading Up 2.4 %

ING opened at $17.02 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm has a market cap of $59.54 billion, a P/E ratio of 7.53 and a beta of 1.54. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.04. The business has a fifty day simple moving average of $17.07 and a 200-day simple moving average of $15.53.

ING Groep (NYSE:ING) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share for the quarter. The company 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 expect that ING Groep will post 2.01 earnings per share for the current year.

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.