Bank of Montreal Can Has $8.42 Million Stock Holdings in ING Groep (NYSE:ING)

Bank of Montreal Can reduced its stake in ING Groep (NYSE:ING) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 458,941 shares of the financial services provider’s stock after selling 21,238 shares during the period. Bank of Montreal Can’s holdings in ING Groep were worth $8,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new position in shares of ING Groep during the third quarter worth approximately $91,000. Fisher Asset Management LLC raised its holdings in ING Groep by 0.6% during the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock worth $1,243,072,000 after buying an additional 429,562 shares during the last quarter. Capital Investment Counsel LLC lifted its stake in shares of ING Groep by 23.3% in the third quarter. Capital Investment Counsel LLC now owns 291,504 shares of the financial services provider’s stock valued at $5,294,000 after buying an additional 55,041 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of ING Groep by 51.7% during the third quarter. Cerity Partners LLC now owns 263,445 shares of the financial services provider’s stock valued at $4,784,000 after buying an additional 89,793 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in shares of ING Groep during the third quarter valued at about $2,762,000. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of ING Groep stock opened at $15.25 on Tuesday. The firm has a market capitalization of $53.35 billion, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 6.01 and a beta of 1.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The business’s fifty day simple moving average is $16.78 and its 200 day simple moving average is $17.36. ING Groep has a 12 month low of $12.77 and a 12 month high of $18.72.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ING shares. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Citigroup upgraded ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Morgan Stanley downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th. Finally, Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd.

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.