Aristotle Capital Management LLC Cuts Stock Position in ING Group, N.V. $ING

Aristotle Capital Management LLC decreased its holdings in shares of ING Group, N.V. (NYSE:ING) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,055,258 shares of the financial services provider’s stock after selling 113,680 shares during the quarter. Aristotle Capital Management LLC’s holdings in ING Group were worth $131,690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. MidFirst Bank purchased a new position in shares of ING Group in the fourth quarter valued at $25,000. YANKCOM Partnership grew its stake in shares of ING Group by 197.2% during the fourth quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 629 shares in the last quarter. Evergreen Advisors LLC acquired a new position in shares of ING Group in the first quarter worth about $28,000. Binnacle Investments Inc boosted its holdings in ING Group by 57.0% in the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 395 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its stake 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 valued at $31,000 after purchasing an additional 871 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ING has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research report 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ING Group Stock Up 1.2%

ING stock opened at $32.84 on Friday. The stock has a market cap of $95.58 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.81 and a beta of 0.85. The firm’s 50-day simple moving average is $31.29 and its 200 day simple moving average is $29.34. ING Group, N.V. has a fifty-two week low of $22.53 and a fifty-two week high of $33.46. 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 issued its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. ING Group had a return on equity of 12.27% and a net margin of 27.68%.The business had revenue of $616.97 million during the quarter, compared to the consensus estimate of $6.86 billion. As a group, sell-side analysts predict that ING Group, N.V. will post 2.87 EPS for the current year.

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.