Sit Investment Associates Inc. Buys 13,125 Shares of ING Groep NV (ING)

Sit Investment Associates Inc. grew its stake in shares of ING Groep NV (NYSE:ING) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 266,150 shares of the financial services provider’s stock after buying an additional 13,125 shares during the period. Sit Investment Associates Inc.’s holdings in ING Groep were worth $4,913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ING. Quadrant Capital Group LLC grew its position in shares of ING Groep by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 389 shares during the period. Krilogy Financial LLC purchased a new stake in shares of ING Groep in the second quarter valued at $127,000. Zions Bancorporation grew its position in shares of ING Groep by 1,021.8% in the third quarter. Zions Bancorporation now owns 7,011 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 6,386 shares during the period. Bank of Nova Scotia Trust Co. purchased a new stake in shares of ING Groep in the third quarter valued at $156,000. Finally, Diligent Investors LLC purchased a new stake in shares of ING Groep in the third quarter valued at $190,000. 2.96% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on the company. UBS Group reaffirmed a “buy” rating on shares of ING Groep in a research report on Monday, December 11th. ValuEngine raised ING Groep from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Deutsche Bank reaffirmed a “buy” rating on shares of ING Groep in a research report on Thursday, October 12th. Zacks Investment Research downgraded ING Groep from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a research report on Wednesday, December 6th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $17.50.

Shares of ING Groep NV (NYSE:ING) opened at $20.31 on Friday. The company has a market capitalization of $77,751.89, a price-to-earnings ratio of 15.50, a PEG ratio of 2.40 and a beta of 1.20. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.09 and a quick ratio of 1.09. ING Groep NV has a 1 year low of $13.63 and a 1 year high of $20.33.

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ING Groep Profile

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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