ING Group, N.V. $ING Stock Position Lowered by Todd Asset Management LLC

Todd Asset Management LLC cut its holdings in ING Group, N.V. (NYSE:ING) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,763,710 shares of the financial services provider’s stock after selling 31,693 shares during the period. ING Group accounts for about 1.5% of Todd Asset Management LLC’s portfolio, making the stock its 9th largest holding. Todd Asset Management LLC owned approximately 0.09% of ING Group worth $77,384,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. First National Trust Co increased its stake in ING Group by 8.2% during the fourth quarter. First National Trust Co now owns 17,583 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 1,333 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of ING Group by 3.1% in the 4th quarter. Prospera Financial Services Inc now owns 15,163 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 460 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of ING Group by 11.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 12,738 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 1,259 shares during the period. Pzena Investment Management LLC increased its position in shares of ING Group by 19.3% during the 4th quarter. Pzena Investment Management LLC now owns 68,962 shares of the financial services provider’s stock worth $1,931,000 after purchasing an additional 11,174 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of ING Group by 221.2% during the 4th quarter. Global Retirement Partners LLC now owns 42,438 shares of the financial services provider’s stock worth $1,188,000 after purchasing an additional 29,226 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Group Stock Performance

NYSE ING opened at $30.53 on Monday. The company has a market cap of $88.84 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.98 and a beta of 0.83. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50-day moving average of $27.90 and a two-hundred day moving average of $27.84. ING Group, N.V. has a 1-year low of $20.39 and a 1-year high of $31.17.

ING Group (NYSE:ING) last issued its quarterly earnings results 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 net margin of 27.68% and a return on equity of 12.27%. The business had revenue of $616.97 million for the quarter, compared to analysts’ expectations of $6.86 billion. As a group, analysts anticipate that ING Group, N.V. will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of ING Group from a “hold” rating to a “buy” rating in a research report on Monday, February 2nd. Jefferies Financial Group initiated coverage on shares of ING Group in a report on Tuesday, January 27th. They issued a “hold” rating on the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Zacks Research lowered ING Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One 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 has a consensus rating of “Moderate Buy”.

ING Group 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.