Valeo Financial Advisors LLC Purchases New Holding in ING Group (NYSE:ING)

Financial Advisors


Valeo Financial Advisors LLC purchased a new stake in ING Groep during the first quarter, according to the latest 13F filing with the Securities and Exchange Commission (SEC) (NYSE: ING – Free Report). The fund purchased 11,569 shares of financial services provider stock valued at approximately $137,000.

Other institutional investors and hedge funds have also recently increased or decreased their stakes in the company. Ronald Blue Trust Inc. increased his stake in ING Groep by 76.2% during the fourth quarter. Ronald Blue Trust Inc. acquired an additional 1,689 shares during the period and now owns 3,905 shares of the financial services provider worth $34,000. Zions Bancorporation NA increased his ING Groep stake by 48.4% in the fourth quarter. Zions Bancorporation NA now owns 2,873 shares of the financial services provider, valued at $35,000, after purchasing an additional 937 shares during the period. My Personal CFO LLC purchased new shares of his ING Groep stock worth approximately $43,000 in the fourth quarter. EverSource Wealth Advisors LLC increased his stake in ING Groep by 71.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,292 shares of the financial services provider worth $64,000 after purchasing an additional 2,197 of his shares during the period. Finally, CWM LLC increased his stake in ING Groep shares by 30.7% in the fourth quarter. CWM LLC now owns 6,588 shares of the financial services provider worth $80,000 after purchasing an additional 1,548 shares during the period. Institutional investors currently hold 4.08% of the shares.

Analyst Rating Change

Separately, StockNews.com began reporting on ING Groep in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Three investment analysts have a “hold” rating on the stock, while four have a “buy” rating. Data from MarketBeat.com shows that ING Groep’s consensus rating is currently “Moderate Buy” with an average target price of $14.39.

ING Group stock up 1.7%

NYSE ING on Friday opened at $13.47. The company has a market capitalization of $50.2 billion, a P/E ratio of 9.83, a price/earnings multiple of 0.22, and a beta of 1.58. The ING Group hit a one-year low of $8.14 and a one-year high of $14.72. The stock has a 50-day simple moving average of $12.81 and a 200-day simple moving average of $12.93. The company has a debt to equity ratio of 2.07, a current ratio of 1.09 and a quick ratio of 1.09.

ING Group (NYSE:ING – Free Report) last reported quarterly results on Thursday, May 11. The financial services provider reported his EPS of $0.47 for the quarter, beating analyst consensus expectations of $0.37 by $0.10. The business had sales of $5.97 billion in the quarter, compared with analyst expectations of $5.77 billion. ING Groep’s return on equity was 8.62% and net profit margin was 24.83%. For the group as a whole, sell-side analysts expect ING Group to post earnings per share of $1.96 for the current financial year.

ING group company profile

(free report)

ING Groep NV, a financial institution, offers a wide range of banking products and services in the Netherlands, Belgium, the rest of Europe, North America, Latin America, Asia and Australia. The Company operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking and Corporate Line Banking.

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Want to know if other hedge funds are holding ING? Visit HoldingsChannel.com to get ING Groep’s latest 13F filings and insider trading (NYSE:ING – Free Report).

ING Groep Quarterly Institutional Ownership (NYSE:ING)

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