Capital Fund Management S.A. Purchases 78,622 Shares of ING Group, N.V. $ING

Capital Fund Management S.A. grew its holdings in ING Group, N.V. (NYSE:ING) by 14.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 612,511 shares of the financial services provider’s stock after acquiring an additional 78,622 shares during the quarter. Capital Fund Management S.A.’s holdings in ING Group were worth $13,396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ING. V Square Quantitative Management LLC bought a new stake in ING Group in the 2nd quarter valued at about $37,000. Maseco LLP bought a new position in shares of ING Group during the second quarter worth approximately $48,000. Whipplewood Advisors LLC raised its position in shares of ING Group by 17.9% in the second quarter. Whipplewood Advisors LLC now owns 3,558 shares of the financial services provider’s stock valued at $78,000 after buying an additional 539 shares in the last quarter. MAI Capital Management boosted its stake in shares of ING Group by 23.1% in the first quarter. MAI Capital Management now owns 4,190 shares of the financial services provider’s stock valued at $82,000 after buying an additional 785 shares during the period. Finally, Hilltop National Bank acquired a new stake in ING Group during the second quarter worth approximately $85,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Stock Up 0.1%

Shares of ING opened at $25.94 on Friday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11. ING Group, N.V. has a 52 week low of $15.09 and a 52 week high of $26.59. The stock has a market capitalization of $81.64 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.84 and a beta of 1.05. The stock has a fifty day moving average of $25.11 and a 200-day moving average of $23.63.

ING Group (NYSE:ING) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. ING Group had a return on equity of 11.57% and a net margin of 26.94%.The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.35 billion. As a group, sell-side analysts anticipate that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on ING shares. Morgan Stanley upgraded ING Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 2nd. Citigroup upgraded ING Group to a “strong-buy” rating in a research report on Friday, November 21st. Cfra Research raised ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. Keefe, Bruyette & Woods cut shares of ING Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, ING Group currently has a consensus rating of “Buy”.

ING Group 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.