Collaborative Fund Advisors LLC Buys Shares of 81,109 ING Group, N.V. $ING

Collaborative Fund Advisors LLC bought a new position in shares of ING Group, N.V. (NYSE:ING) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 81,109 shares of the financial services provider’s stock, valued at approximately $2,113,000. ING Group comprises 1.3% of Collaborative Fund Advisors LLC’s portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of ING. Massachusetts Financial Services Co. MA lifted its holdings in shares of ING Group by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 717,950 shares of the financial services provider’s stock worth $20,103,000 after acquiring an additional 157,111 shares during the period. First Pacific Financial boosted its position in shares of ING Group by 665.4% in the fourth quarter. First Pacific Financial now owns 44,842 shares of the financial services provider’s stock worth $1,256,000 after acquiring an additional 38,983 shares during the last quarter. US Bancorp DE grew its holdings in ING Group by 12.6% in the fourth quarter. US Bancorp DE now owns 429,176 shares of the financial services provider’s stock valued at $12,017,000 after purchasing an additional 48,174 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in ING Group by 885.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 411,022 shares of the financial services provider’s stock valued at $11,821,000 after purchasing an additional 369,310 shares during the period. Finally, XY Capital Ltd grew its holdings in ING Group by 268.3% in the third quarter. XY Capital Ltd now owns 100,546 shares of the financial services provider’s stock valued at $2,622,000 after purchasing an additional 73,246 shares during the period. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Group Stock Down 0.0%

ING opened at $32.09 on Monday. The firm has a 50 day moving average price of $30.22 and a 200 day moving average price of $28.87. The company has a market cap of $93.41 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.03 and a beta of 0.85. ING Group, N.V. has a 1 year low of $22.28 and a 1 year high of $32.40. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.11 and a current ratio of 1.11.

ING Group (NYSE:ING) last announced 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. The firm had revenue of $616.97 million for the quarter, compared to analysts’ expectations of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. Sell-side analysts expect that ING Group, N.V. will post 2.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

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