Themes Management Co LLC Purchases New Stake in ING Group, N.V. $ING

Themes Management Co LLC acquired a new position in shares of ING Group, N.V. (NYSE:ING) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,650 shares of the financial services provider’s stock, valued at approximately $942,000.

A number of other large investors have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its holdings in ING Group by 3.4% during the fourth quarter. Hantz Financial Services Inc. now owns 121,500 shares of the financial services provider’s stock worth $3,402,000 after buying an additional 4,014 shares during the last quarter. First National Trust Co increased its holdings in ING Group by 8.2% during the fourth quarter. First National Trust Co now owns 17,583 shares of the financial services provider’s stock worth $492,000 after buying an additional 1,333 shares during the last quarter. Prospera Financial Services Inc increased its holdings in ING Group by 3.1% during the fourth quarter. Prospera Financial Services Inc now owns 15,163 shares of the financial services provider’s stock worth $425,000 after buying an additional 460 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in ING Group by 11.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 12,738 shares of the financial services provider’s stock worth $357,000 after buying an additional 1,259 shares during the last quarter. Finally, Pzena Investment Management LLC increased its holdings in ING Group by 19.3% during the fourth quarter. Pzena Investment Management LLC now owns 68,962 shares of the financial services provider’s stock worth $1,931,000 after buying an additional 11,174 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Group Price Performance

ING stock opened at $30.53 on Tuesday. The firm has a 50 day moving average of $27.98 and a 200-day moving average of $27.88. 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 $31.17. The firm has a market capitalization of $88.84 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83.

ING Group (NYSE:ING) last released its quarterly earnings data 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 net margin of 27.68% and a return on equity of 12.27%. The company had revenue of $616.97 million during the quarter, compared to analyst estimates of $6.86 billion. As a group, sell-side analysts predict that ING Group, N.V. will post 2.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ING shares. Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Morgan Stanley reiterated an “equal weight” rating on shares of ING Group in a research report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of ING Group from a “hold” rating to a “buy” rating in a research report on Monday, February 2nd. Zacks Research lowered shares of ING Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Jefferies Financial Group began coverage on shares of ING Group in a research report on Tuesday, January 27th. They set a “hold” rating for the company. One equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.