NWQ Investment Management Company LLC cut its holdings in ING Groep NV (NYSE:ING) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,844,497 shares of the financial services provider’s stock after selling 56,021 shares during the period. ING Groep comprises approximately 0.9% of NWQ Investment Management Company LLC’s investment portfolio, making the stock its 27th biggest holding. NWQ Investment Management Company LLC owned approximately 0.10% of ING Groep worth $70,969,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of ING. Fisher Asset Management LLC raised its holdings in shares of ING Groep by 4.7% in the fourth quarter. Fisher Asset Management LLC now owns 39,991,232 shares of the financial services provider’s stock valued at $738,238,000 after purchasing an additional 1,813,102 shares during the last quarter. Chevy Chase Trust Holdings Inc. bought a new position in shares of ING Groep in the third quarter valued at $22,685,000. Assetmark Inc. grew its stake in shares of ING Groep by 5,421.5% in the third quarter. Assetmark Inc. now owns 711,665 shares of the financial services provider’s stock valued at $13,109,000 after buying an additional 698,776 shares in the last quarter. Guardian Capital LP bought a new position in shares of ING Groep in the third quarter valued at $10,210,000. Finally, Parametric Portfolio Associates LLC grew its stake in shares of ING Groep by 9.7% in the third quarter. Parametric Portfolio Associates LLC now owns 2,974,651 shares of the financial services provider’s stock valued at $54,793,000 after buying an additional 262,142 shares in the last quarter. Institutional investors own 3.23% of the company’s stock.
ING Groep NV (ING) opened at $17.66 on Monday. ING Groep NV has a 52 week low of $14.55 and a 52 week high of $20.58. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.96. The firm has a market cap of $68,677.60, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.38 and a beta of 1.28.
Several research firms recently weighed in on ING. UBS Group reissued a “buy” rating on shares of ING Groep in a research note on Monday, December 11th. Goldman Sachs Group reissued a “buy” rating on shares of ING Groep in a research note on Wednesday, December 6th. Zacks Investment Research cut shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Finally, ValuEngine raised shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.00.
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ING Groep Profile
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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