Y Intercept Hong Kong Ltd Buys 72,121 Shares of ING Group, N.V. $ING

Y Intercept Hong Kong Ltd increased its stake in shares of ING Group, N.V. (NYSE:ING) by 156.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,228 shares of the financial services provider’s stock after buying an additional 72,121 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in ING Group were worth $3,080,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in ING Group by 7.3% during the second quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider’s stock worth $191,681,000 after purchasing an additional 593,424 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of ING Group by 2.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,804,829 shares of the financial services provider’s stock worth $218,535,000 after buying an additional 191,101 shares in the last quarter. Northern Trust Corp lifted its position in shares of ING Group by 1.7% during the 3rd quarter. Northern Trust Corp now owns 4,456,398 shares of the financial services provider’s stock worth $116,223,000 after buying an additional 73,959 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of ING Group by 61.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,700,573 shares of the financial services provider’s stock worth $75,616,000 after buying an additional 1,032,177 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of ING Group by 0.3% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,784,650 shares of the financial services provider’s stock worth $49,970,000 after buying an additional 6,100 shares during the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

ING Group Stock Performance

NYSE ING traded down $0.56 on Tuesday, hitting $32.40. 1,013,850 shares of the stock traded hands, compared to its average volume of 3,165,748. The business’s fifty day moving average is $30.22 and its two-hundred day moving average is $28.87. ING Group, N.V. has a 12 month low of $22.40 and a 12 month high of $32.99. The firm has a market capitalization of $94.28 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.03 and a beta of 0.85. 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 issued its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.63 EPS 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 firm had revenue of $616.97 million for the quarter, compared to analysts’ expectations of $6.86 billion. As a group, equities analysts anticipate that ING Group, N.V. will post 2.77 EPS for the current fiscal year.

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.