O Shaughnessy Asset Management LLC Has $15.18 Million Stake in ING Group, N.V. $ING

by · The Markets Daily

O Shaughnessy Asset Management LLC increased its holdings in ING Group, N.V. (NYSE:ING – Free Report) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 542,264 shares of the financial services provider’s stock after buying an additional 32,866 shares during the period. O Shaughnessy Asset Management LLC’s holdings in ING Group were worth $15,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. YANKCOM Partnership increased its stake in ING Group by 197.2% in the fourth quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 629 shares during the last quarter. Binnacle Investments Inc increased its stake in ING Group by 57.0% in the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 395 shares during the last quarter. Sound Income Strategies LLC increased its stake in ING Group by 129.1% in the fourth quarter. Sound Income Strategies LLC now owns 1,283 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 723 shares during the last quarter. Maseco LLP bought a new position in ING Group in the fourth quarter valued at approximately $67,000. Finally, V Square Quantitative Management LLC bought a new position in ING Group in the fourth quarter valued at approximately $106,000. 4.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ING. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research note on Friday, May 29th. Morgan Stanley reissued an “equal weight” rating on shares of ING Group in a research note on Monday, March 23rd. Keefe, Bruyette & Woods raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. Zacks Research cut shares of ING Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wall Street Zen cut shares of ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, ING Group has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on ING

ING Group Stock Performance

NYSE ING opened at $29.27 on Wednesday. The firm’s fifty day moving average price is $29.07 and its two-hundred day moving average price is $28.25. The stock has a market cap of $85.19 billion, a PE ratio of 11.57, a PEG ratio of 0.94 and a beta of 0.84. ING Group, N.V. has a fifty-two week low of $20.39 and a fifty-two week high of $31.40. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.11 and a current ratio of 1.11.

ING Group (NYSE:ING – Get Free Report) last posted its earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $616.97 million for the quarter, compared to analysts’ expectations of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. On average, equities analysts expect that ING Group, N.V. will post 2.77 EPS for the current fiscal year.

ING Group Profile

(Free Report)

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.

Further Reading

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