Diversify Advisory Services LLC Invests $667,000 in ING Groep (NYSE:ING)

Diversify Advisory Services LLC purchased a new stake in shares of ING Groep (NYSE:ING) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 40,562 shares of the financial services provider’s stock, valued at approximately $667,000.

A number of other large investors also recently bought and sold shares of ING. Financial Management Professionals Inc. lifted its position in ING Groep by 67.8% during the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 662 shares during the period. Richardson Financial Services Inc. purchased a new position in ING Groep during the 4th quarter valued at about $28,000. GAMMA Investing LLC purchased a new position in ING Groep during the 4th quarter valued at about $54,000. NBC Securities Inc. increased its stake in ING Groep by 24.5% during the 4th quarter. NBC Securities Inc. now owns 4,093 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 805 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in ING Groep by 128.5% during the 4th quarter. Global Retirement Partners LLC now owns 4,994 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 2,808 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of ING Groep from an “equal weight” rating to an “overweight” rating in a research note on Friday, June 7th.

ING Groep Stock Up 0.6 %

NYSE:ING traded up $0.11 on Friday, reaching $17.88. 1,420,130 shares of the stock traded hands, compared to its average volume of 1,748,766. The company has a market capitalization of $62.55 billion, a price-to-earnings ratio of 7.91 and a beta of 1.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68. ING Groep has a 12 month low of $12.44 and a 12 month high of $18.04. The company’s fifty day simple moving average is $17.32 and its 200 day simple moving average is $15.68.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share for the quarter. The business had revenue of $6.06 billion during the quarter. ING Groep had a net margin of 32.20% and a return on equity of 13.22%. Equities analysts predict that ING Groep will post 2.01 EPS for the current fiscal year.

About ING Groep

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.