ING Groep (NYSE:ING) Stock Position Decreased by Fmr LLC

Fmr LLC lowered its holdings in ING Groep (NYSE:ING) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,039,047 shares of the financial services provider’s stock after selling 440,583 shares during the period. Fmr LLC’s holdings in ING Groep were worth $91,509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC raised its position in shares of ING Groep by 71.3% during the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after purchasing an additional 1,376,713 shares during the period. Mediolanum International Funds Ltd bought a new position in ING Groep during the 3rd quarter worth $7,972,000. Fisher Asset Management LLC increased its position in ING Groep by 0.6% in 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 period. Bank of New York Mellon Corp lifted its stake in ING Groep by 150.1% in the second quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider’s stock valued at $10,267,000 after buying an additional 359,535 shares during the last quarter. Finally, Benson Investment Management Company Inc. acquired a new position in shares of ING Groep during the third quarter valued at $5,204,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

ING Groep Price Performance

Shares of ING opened at $15.96 on Friday. The firm has a market capitalization of $55.81 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 5.91 and a beta of 1.48. The stock’s fifty day moving average is $16.55 and its 200-day moving average is $17.30. ING Groep has a one year low of $12.77 and a one year high of $18.72. 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 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.