ING Group, N.V. $ING Stock Holdings Boosted by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its position in shares of ING Group, N.V. (NYSE:ING) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,804,829 shares of the financial services provider’s stock after purchasing an additional 191,101 shares during the quarter. Goldman Sachs Group Inc.’s holdings in ING Group were worth $218,535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dynasty Wealth Management LLC boosted its stake in ING Group by 5.8% during the 4th quarter. Dynasty Wealth Management LLC now owns 31,606 shares of the financial services provider’s stock valued at $885,000 after purchasing an additional 1,729 shares in the last quarter. a16z Perennial Management L.P. bought a new position in ING Group during the 4th quarter valued at $209,000. BNP Paribas Financial Markets boosted its stake in ING Group by 3.9% during the 4th quarter. BNP Paribas Financial Markets now owns 360,161 shares of the financial services provider’s stock valued at $10,085,000 after purchasing an additional 13,553 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in ING Group by 6.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,967 shares of the financial services provider’s stock valued at $587,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its stake in ING Group by 5.0% during the 4th quarter. Moors & Cabot Inc. now owns 10,305 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 494 shares in the last quarter. 4.49% of the stock is owned by institutional investors.

ING Group Price Performance

ING opened at $29.69 on Friday. The stock has a fifty day moving average of $28.90 and a 200-day moving average of $28.17. The firm has a market capitalization of $86.42 billion, a P/E ratio of 11.74, a PEG ratio of 0.95 and a beta of 0.84. ING Group, N.V. has a 12-month low of $20.39 and a 12-month high of $31.40. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.73.

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

Analysts Set New Price Targets

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

About ING Group

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.