Allworth Financial LP Sells 1,364 Shares of ING Groep (NYSE:ING)

Allworth Financial LP reduced its position in ING Groep (NYSE:ING) by 17.9% during the third quarter, HoldingsChannel reports. The firm owned 6,245 shares of the financial services provider’s stock after selling 1,364 shares during the period. Allworth Financial LP’s holdings in ING Groep were worth $113,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted its stake in ING Groep by 14.0% during the first quarter. Sei Investments Co. now owns 655,159 shares of the financial services provider’s stock worth $10,804,000 after acquiring an additional 80,398 shares in the last quarter. Capital Research Global Investors raised its holdings in ING Groep by 51.2% during the first quarter. Capital Research Global Investors now owns 203,780 shares of the financial services provider’s stock worth $3,360,000 after buying an additional 68,966 shares during the last quarter. Virtu Financial LLC raised its holdings in ING Groep by 172.6% during the first quarter. Virtu Financial LLC now owns 77,870 shares of the financial services provider’s stock worth $1,284,000 after buying an additional 49,307 shares during the last quarter. Creative Planning raised its holdings in ING Groep by 18.4% during the second quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock worth $3,589,000 after buying an additional 32,534 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of ING Groep by 126.1% in the first quarter. Quantbot Technologies LP now owns 99,246 shares of the financial services provider’s stock valued at $1,637,000 after purchasing an additional 55,343 shares during the last quarter. 4.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

ING has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd.

ING Groep Stock Performance

NYSE ING opened at $16.95 on Friday. ING Groep has a 52-week low of $12.44 and a 52-week high of $18.72. The company has a 50-day simple moving average of $17.71 and a 200 day simple moving average of $17.45. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.12 and a current ratio of 0.95. The company has a market capitalization of $59.28 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 6.58 and a beta of 1.52.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share for the quarter. The firm had revenue of $6.15 billion during the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. During the same quarter in the previous year, the business earned $0.65 EPS. On average, research analysts predict that ING Groep will post 2.06 EPS for the current year.

ING Groep Company 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.