Brown Brothers Harriman & Co. Buys Shares of 5,005 ING Groep (NYSE:ING)

Brown Brothers Harriman & Co. purchased a new stake in ING Groep (NYSE:ING) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,005 shares of the financial services provider’s stock, valued at approximately $91,000.

Several other large investors also recently made changes to their positions in ING. Fortitude Family Office LLC bought a new position in ING Groep in the 3rd quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in ING Groep during the 2nd quarter worth $31,000. Rothschild Investment LLC bought a new position in shares of ING Groep in the second quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ING Groep during the second quarter valued at $38,000. Finally, Mather Group LLC. raised its stake in shares of ING Groep by 57.3% during the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 782 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of ING opened at $15.27 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50 day moving average is $16.84 and its 200-day moving average is $17.38. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72. The stock has a market capitalization of $53.42 billion, a P/E ratio of 6.85, a P/E/G ratio of 5.97 and a beta of 1.52.

Analysts Set New Price Targets

ING has been the subject of a number of recent analyst reports. Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Morgan Stanley downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

ING Groep Company 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.