Townsquare Capital LLC Raises Holdings in ING Groep (NYSE:ING)

Townsquare Capital LLC increased its position in ING Groep (NYSE:ING) by 34.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,138 shares of the financial services provider’s stock after buying an additional 17,529 shares during the period. Townsquare Capital LLC’s holdings in ING Groep were worth $1,237,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ING. Brown Brothers Harriman & Co. purchased a new stake in shares of ING Groep during the 3rd quarter valued at about $91,000. Fisher Asset Management LLC raised its position 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 valued at $1,243,072,000 after purchasing an additional 429,562 shares during the period. Capital Investment Counsel LLC lifted its stake in shares of ING Groep by 23.3% in the 3rd quarter. Capital Investment Counsel LLC now owns 291,504 shares of the financial services provider’s stock valued at $5,294,000 after purchasing an additional 55,041 shares during the last quarter. Cerity Partners LLC boosted its stake in ING Groep by 51.7% during the third quarter. Cerity Partners LLC now owns 263,445 shares of the financial services provider’s stock worth $4,784,000 after buying an additional 89,793 shares during the period. Finally, Meridian Wealth Management LLC bought a new position in ING Groep during the 3rd quarter valued at about $2,762,000. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of NYSE:ING opened at $15.25 on Tuesday. The firm’s 50 day simple moving average is $16.78 and its 200-day simple moving average is $17.36. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a one year low of $12.77 and a one year high of $18.72. The firm has a market cap of $53.35 billion, a PE ratio of 6.84, a price-to-earnings-growth ratio of 6.01 and a beta of 1.52.

Wall Street Analysts Forecast Growth

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

ING Groep 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.