Capital Investment Counsel LLC Boosts Holdings in ING Groep (NYSE:ING)

Capital Investment Counsel LLC increased its stake in shares of ING Groep (NYSE:ING) by 23.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,504 shares of the financial services provider’s stock after acquiring an additional 55,041 shares during the quarter. Capital Investment Counsel LLC’s holdings in ING Groep were worth $5,294,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC increased its position in shares of ING Groep by 51.7% during the third quarter. Cerity Partners LLC now owns 263,445 shares of the financial services provider’s stock worth $4,784,000 after purchasing an additional 89,793 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in ING Groep during the 3rd quarter worth approximately $2,762,000. Raymond James Trust N.A. acquired a new position in ING Groep during the third quarter worth approximately $185,000. Eagle Asset Management Inc. lifted its stake in ING Groep by 9.3% in the third quarter. Eagle Asset Management Inc. now owns 32,339 shares of the financial services provider’s stock valued at $587,000 after buying an additional 2,763 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of ING Groep by 18.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 212,174 shares of the financial services provider’s stock valued at $3,853,000 after acquiring an additional 32,701 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Trading Down 2.3 %

Shares of ING stock opened at $15.28 on Friday. ING Groep has a twelve month low of $12.77 and a twelve month high of $18.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The business’s 50 day moving average is $17.09 and its two-hundred day moving average is $17.43. The company has a market capitalization of $53.45 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 6.09 and a beta of 1.52.

Analyst Ratings Changes

A number of brokerages have recently commented on ING. Citigroup raised shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd.

ING Groep 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.