ING Group, N.V. $ING Shares Bought by Logan Capital Management Inc.

Logan Capital Management Inc. boosted its holdings in shares of ING Group, N.V. (NYSE:ING) by 11.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 276,801 shares of the financial services provider’s stock after buying an additional 28,163 shares during the quarter. Logan Capital Management Inc.’s holdings in ING Group were worth $7,750,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ING. Amundi acquired a new position in ING Group during the 1st quarter valued at about $760,000. AQR Capital Management LLC increased its position in ING Group by 27.0% during the 1st quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 18,562 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in ING Group by 5.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider’s stock valued at $418,000 after buying an additional 1,094 shares in the last quarter. Sivia Capital Partners LLC increased its position in ING Group by 19.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 16,823 shares of the financial services provider’s stock valued at $368,000 after buying an additional 2,745 shares in the last quarter. Finally, Invesco Ltd. increased its position in ING Group by 28.9% during the 2nd quarter. Invesco Ltd. now owns 47,534 shares of the financial services provider’s stock valued at $1,040,000 after buying an additional 10,650 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Group Stock Performance

Shares of ING stock opened at $29.68 on Friday. The company has a market capitalization of $86.38 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.92 and a beta of 0.84. The business’s 50 day moving average is $29.22 and its two-hundred day moving average is $28.32. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. ING Group, N.V. has a 12-month low of $20.39 and a 12-month high of $31.40.

ING Group (NYSE:ING) last released its earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. ING Group had a return on equity of 12.27% and a net margin of 27.68%.The business had revenue of $616.97 million for the quarter, compared to the consensus estimate of $6.86 billion. Analysts expect that ING Group, N.V. will post 2.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ING. Keefe, Bruyette & Woods raised ING Group from a “moderate sell” rating to a “hold” rating in a research report on Thursday, March 26th. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a research report on Monday, March 23rd. Wall Street Zen lowered ING Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research lowered ING Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

ING Group Company 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.