Private Advisor Group LLC Has $379,000 Position in ING Groep (NYSE:ING)

Private Advisor Group LLC boosted its holdings in ING Groep (NYSE:ING) by 25.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,853 shares of the financial services provider’s stock after buying an additional 4,196 shares during the period. Private Advisor Group LLC’s holdings in ING Groep were worth $379,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ING. Summit Securities Group LLC acquired a new position in ING Groep in the second quarter valued at approximately $31,000. Rothschild Investment LLC acquired a new position in ING Groep in the second quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ING Groep in the second quarter valued at approximately $38,000. Mather Group LLC. lifted its holdings in ING Groep by 57.3% in the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after buying an additional 782 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in ING Groep in the second quarter valued at approximately $41,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Stock Performance

Shares of ING stock opened at $17.01 on Wednesday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.12 and a current ratio of 0.95. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The company’s 50 day moving average price is $17.65 and its two-hundred day moving average price is $17.50. The company has a market capitalization of $59.50 billion, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 6.60 and a beta of 1.52.

Wall Street Analyst Weigh In

Several brokerages have commented on ING. Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Citigroup upgraded ING Groep to a “strong-buy” rating in a report on Thursday, October 17th.

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.