Eagle Global Advisors LLC Has $3.49 Million Stake in ING Groep NV (NYSE:ING)

Eagle Global Advisors LLC trimmed its position in shares of ING Groep NV (NYSE:ING) by 4.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 289,671 shares of the financial services provider’s stock after selling 13,695 shares during the period. Eagle Global Advisors LLC’s holdings in ING Groep were worth $3,491,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Boston Partners grew its holdings in ING Groep by 422,760.8% during the fourth quarter. Boston Partners now owns 19,523,485 shares of the financial services provider’s stock worth $235,334,000 after buying an additional 19,518,868 shares in the last quarter. Fisher Asset Management LLC grew its holdings in ING Groep by 36.3% during the third quarter. Fisher Asset Management LLC now owns 49,194,733 shares of the financial services provider’s stock worth $514,085,000 after buying an additional 13,109,071 shares in the last quarter. US Bancorp DE grew its holdings in ING Groep by 70.8% during the fourth quarter. US Bancorp DE now owns 105,785 shares of the financial services provider’s stock worth $1,276,000 after buying an additional 43,864 shares in the last quarter. Millennium Management LLC bought a new stake in ING Groep during the third quarter worth $374,000. Finally, AMG National Trust Bank grew its holdings in ING Groep by 15.4% during the third quarter. AMG National Trust Bank now owns 260,819 shares of the financial services provider’s stock worth $2,726,000 after buying an additional 34,764 shares in the last quarter. 3.49% of the stock is currently owned by institutional investors.

ING has been the subject of several recent research reports. Barclays upgraded ING Groep from an “underweight” rating to an “equal weight” rating in a report on Wednesday, October 23rd. Goldman Sachs Group reiterated a “buy” rating on shares of ING Groep in a report on Wednesday, February 5th. ING Group downgraded ING Groep from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Zacks Investment Research downgraded ING Groep from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of ING Groep in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.08.

Shares of NYSE:ING opened at $11.63 on Friday. The company has a market capitalization of $45.31 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.73 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day moving average price of $11.69 and a two-hundred day moving average price of $11.06. ING Groep NV has a 1 year low of $9.22 and a 1 year high of $13.72.

ING Groep Profile

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

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

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