Crossmark Global Holdings Inc. lifted its position in shares of ING Groep (NYSE:ING - Free Report) by 30.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,994 shares of the financial services provider's stock after acquiring an additional 62,801 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in ING Groep were worth $4,849,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in shares of ING Groep during the 3rd quarter valued at $25,000. Summit Securities Group LLC bought a new position in ING Groep during the 2nd quarter worth $31,000. Rothschild Investment LLC bought a new position in ING Groep during the 2nd quarter worth $31,000. Mather Group LLC. raised its position in ING Groep by 57.3% during the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider's stock worth $39,000 after purchasing an additional 782 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in ING Groep during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 4.49% of the company's stock.
Several brokerages recently issued reports on ING. Citigroup raised ING Groep to a "strong-buy" rating in a research report on Thursday, October 17th. Barclays lowered ING Groep from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered ING Groep from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th.
Get Our Latest Stock Analysis on ING
ING stock opened at $16.03 on Tuesday. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72. The firm has a market cap of $56.08 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 6.23 and a beta of 1.52. The stock has a 50-day moving average price of $17.54 and a 200-day moving average price of $17.50. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 2.89.
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.
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