Capital Research Global Investors Has $3.36 Million Stake in ING Groep (NYSE:ING)

Capital Research Global Investors grew its holdings in ING Groep (NYSE:ING) by 51.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 203,780 shares of the financial services provider’s stock after purchasing an additional 68,966 shares during the quarter. Capital Research Global Investors’ holdings in ING Groep were worth $3,360,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. boosted its stake 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 purchasing an additional 662 shares during the period. Richardson Financial Services Inc. bought a new stake in shares of ING Groep in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC acquired a new stake in shares of ING Groep in the fourth quarter worth $54,000. NBC Securities Inc. increased its position in ING Groep by 24.5% during the fourth quarter. NBC Securities Inc. now owns 4,093 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 805 shares during the period. Finally, EntryPoint Capital LLC bought a new position in ING Groep during the first quarter worth $67,000. 4.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

ING Groep Trading Up 1.2 %

Shares of ING opened at $18.57 on Friday. The stock’s 50-day moving average price is $17.67 and its 200 day moving average price is $16.05. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $64.96 billion, a price-to-earnings ratio of 8.22 and a beta of 1.54. ING Groep has a 12-month low of $12.44 and a 12-month high of $18.66.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $6.06 billion for the quarter. ING Groep had a return on equity of 13.22% and a net margin of 32.20%. As a group, research analysts predict that ING Groep will post 2.02 earnings per share for the current year.

ING Groep Profile

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.