OneDigital Investment Advisors LLC Boosts Stock Position in ING Groep (NYSE:ING)

OneDigital Investment Advisors LLC raised its stake in ING Groep (NYSE:ING) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,672 shares of the financial services provider’s stock after purchasing an additional 1,314 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in ING Groep were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Natixis Advisors LLC grew its position in ING Groep by 1.0% during the second quarter. Natixis Advisors LLC now owns 1,930,085 shares of the financial services provider’s stock worth $33,082,000 after buying an additional 18,472 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of ING Groep by 17.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,695,710 shares of the financial services provider’s stock worth $27,962,000 after acquiring an additional 257,440 shares during the period. American Century Companies Inc. increased its stake in ING Groep by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 1,124,581 shares of the financial services provider’s stock valued at $19,275,000 after purchasing an additional 60,908 shares in the last quarter. Raymond James & Associates raised its holdings in ING Groep by 49.7% during the third quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock worth $14,431,000 after purchasing an additional 263,904 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in ING Groep by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 642,621 shares of the financial services provider’s stock worth $10,597,000 after purchasing an additional 21,263 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Trading Down 0.3 %

Shares of ING stock opened at $15.65 on Friday. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72. The firm’s 50-day simple moving average is $17.15 and its 200-day simple moving average is $17.45. The firm has a market cap of $54.73 billion, a P/E ratio of 7.02, a PEG ratio of 6.15 and a beta of 1.52. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Citigroup raised ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Barclays downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

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.