Virtu Financial LLC acquired a new position in ING Groep (NYSE:ING – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 28,563 shares of the financial services provider’s stock, valued at approximately $429,000.
Several other large investors also recently added to or reduced their stakes in the business. New York State Common Retirement Fund bought a new stake in shares of ING Groep during the 3rd quarter valued at $253,000. Envestnet Portfolio Solutions Inc. bought a new stake in ING Groep during the third quarter valued at about $698,000. Envestnet Asset Management Inc. increased its position in ING Groep by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,799,350 shares of the financial services provider’s stock worth $36,895,000 after buying an additional 98,057 shares in the last quarter. FMR LLC raised its stake in shares of ING Groep by 10.2% in the third quarter. FMR LLC now owns 5,113,296 shares of the financial services provider’s stock worth $67,393,000 after buying an additional 474,505 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of ING Groep during the 3rd quarter valued at about $800,000. 4.49% of the stock is currently owned by institutional investors.
ING Groep Trading Down 0.4 %
Shares of ING Groep stock opened at $16.94 on Wednesday. The company has a market capitalization of $59.26 billion, a P/E ratio of 7.50 and a beta of 1.54. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty day moving average of $17.03 and a 200 day moving average of $15.46. ING Groep has a fifty-two week low of $12.44 and a fifty-two week high of $18.04.
Analysts Set New Price Targets
Separately, Barclays raised shares of ING Groep from an “equal weight” rating to an “overweight” rating in a report on Friday, June 7th.
Get Our Latest Stock Analysis on ING Groep
About ING Groep
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.
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