Arrowstreet Capital Limited Partnership Has $190.83 Million Stock Position in ING Group, N.V. $ING

Arrowstreet Capital Limited Partnership decreased its holdings in shares of ING Group, N.V. (NYSE:ING) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,815,183 shares of the financial services provider’s stock after selling 779,048 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in ING Group were worth $190,825,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ING. YANKCOM Partnership increased its stake in shares of ING Group by 197.2% during the 4th quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 629 shares during the last quarter. Binnacle Investments Inc increased its stake in shares of ING Group by 57.0% during the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 395 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of ING Group by 359.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,113 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 871 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of ING Group by 129.1% during the 4th quarter. Sound Income Strategies LLC now owns 1,283 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 723 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of ING Group by 418.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,431 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,155 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Price Performance

Shares of ING Group stock opened at $30.17 on Monday. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11. ING Group, N.V. has a fifty-two week low of $20.39 and a fifty-two week high of $31.40. The firm has a fifty day moving average price of $29.29 and a two-hundred day moving average price of $28.35. The company has a market cap of $87.82 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.97 and a beta of 0.84.

ING Group (NYSE:ING) last issued its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. ING Group had a net margin of 27.68% and a return on equity of 12.27%. The firm had revenue of $616.97 million during the quarter, compared to the consensus estimate of $6.86 billion. Analysts expect that ING Group, N.V. will post 2.77 EPS for the current year.

Analyst Ratings Changes

ING has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of ING Group in a research note on Friday, May 29th. Wall Street Zen downgraded shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. Keefe, Bruyette & Woods raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Zacks Research downgraded shares of ING Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

ING Group Company Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.