Boston Common Asset Management LLC Sells 16,238 Shares of ING Group, N.V. $ING

Boston Common Asset Management LLC cut its stake in shares of ING Group, N.V. (NYSE:ING) by 6.2% in the first quarter, Holdings Channel reports. The firm owned 244,179 shares of the financial services provider’s stock after selling 16,238 shares during the quarter. Boston Common Asset Management LLC’s holdings in ING Group were worth $6,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Amundi acquired a new position in ING Group in the first quarter valued at about $760,000. AQR Capital Management LLC grew its position in shares of ING Group by 27.0% during the 1st quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider’s stock worth $1,709,000 after buying an additional 18,562 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of ING Group by 5.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider’s stock worth $418,000 after buying an additional 1,094 shares during the period. Sivia Capital Partners LLC increased its stake in shares of ING Group by 19.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 16,823 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 2,745 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of ING Group by 28.9% in the 2nd quarter. Invesco Ltd. now owns 47,534 shares of the financial services provider’s stock valued at $1,040,000 after acquiring an additional 10,650 shares during the last quarter. Institutional investors own 4.49% of the company’s stock.

ING Group Stock Up 0.1%

NYSE:ING opened at $32.38 on Monday. ING Group, N.V. has a 1 year low of $22.53 and a 1 year high of $33.35. The stock has a 50-day moving average price of $31.00 and a two-hundred day moving average price of $29.19. The stock has a market cap of $94.22 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.04 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73.

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

Wall Street Analyst Weigh In

ING has been the topic of several recent analyst reports. Morgan Stanley reissued an “equal weight” rating on shares of ING Group in a research note on Monday, March 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research note on Friday, May 29th. Zacks Research lowered shares of ING Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, 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.