Captrust Financial Advisors Has $1.19 Million Position in ING Groep (NYSE:ING)

Captrust Financial Advisors lifted its holdings in ING Groep (NYSE:ING) by 5.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,289 shares of the financial services provider’s stock after purchasing an additional 3,552 shares during the period. Captrust Financial Advisors’ holdings in ING Groep were worth $1,186,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Beverly Hills Private Wealth LLC lifted its stake in shares of ING Groep by 4.7% in the second quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock valued at $230,000 after buying an additional 602 shares during the period. Checchi Capital Advisers LLC increased its position in shares of ING Groep by 3.8% during the second quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 637 shares during the period. Pzena Investment Management LLC increased its position in shares of ING Groep by 1.2% during the second quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock valued at $922,000 after purchasing an additional 640 shares during the period. Valeo Financial Advisors LLC increased its holdings in ING Groep by 6.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock valued at $204,000 after buying an additional 684 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of ING Groep by 6.6% in the 3rd quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock valued at $195,000 after buying an additional 688 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ING shares. Morgan Stanley lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research 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. Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Citigroup raised ING Groep to a “strong-buy” rating in a report on Thursday, October 17th.

ING Groep Stock Performance

NYSE ING opened at $15.83 on Monday. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72. The company has a 50 day moving average of $16.50 and a 200-day moving average of $17.28. 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 firm has a market cap of $55.38 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 5.94 and a beta of 1.48.

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.