ING Group, N.V. $ING Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its position in ING Group, N.V. (NYSE:ING) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190,005 shares of the financial services provider’s stock after buying an additional 20,923 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in ING Group were worth $5,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ING. MidFirst Bank acquired a new position in shares of ING Group in the 4th quarter valued at $25,000. YANKCOM Partnership boosted its stake in 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 period. Binnacle Investments Inc boosted its stake in 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 period. Transamerica Financial Advisors LLC grew its position in 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. Finally, Sound Income Strategies LLC grew its position in 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. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Group Trading Down 0.7%

NYSE ING opened at $30.81 on Friday. The stock has a market capitalization of $89.67 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.00 and a beta of 0.84. ING Group, N.V. has a 52-week low of $21.63 and a 52-week high of $32.22. The firm has a 50-day moving average price of $29.92 and a 200 day moving average price of $28.69. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73.

ING Group (NYSE:ING) last announced its quarterly earnings data 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 return on equity of 12.27% and a net margin of 27.68%.The company had revenue of $616.97 million for the quarter, compared to analyst estimates of $6.86 billion. Equities research analysts expect that ING Group, N.V. will post 2.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. Wall Street Zen cut ING Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a research note on Monday, March 23rd. Finally, Zacks Research cut ING Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ING Group presently has a consensus rating of “Moderate Buy”.

About ING Group

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.