NBC Securities Inc. Reduces Position in ING Groep (NYSE:ING)

NBC Securities Inc. trimmed its position in ING Groep (NYSE:ING) by 38.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,523 shares of the financial services provider’s stock after selling 1,570 shares during the quarter. NBC Securities Inc.’s holdings in ING Groep were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC bought a new position in shares of ING Groep during the fourth quarter valued at about $733,000. Raymond James & Associates lifted its holdings in ING Groep by 31.1% in the 4th quarter. Raymond James & Associates now owns 488,936 shares of the financial services provider’s stock worth $7,344,000 after buying an additional 116,114 shares during the period. Acadian Asset Management LLC bought a new stake in shares of ING Groep in the 3rd quarter worth approximately $800,000. HTLF Bank purchased a new position in shares of ING Groep during the fourth quarter valued at approximately $4,629,000. Finally, Tudor Investment Corp Et Al raised its holdings in shares of ING Groep by 2,784.1% during the third quarter. Tudor Investment Corp Et Al now owns 329,939 shares of the financial services provider’s stock valued at $4,349,000 after acquiring an additional 318,499 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.

ING Groep Stock Performance

Shares of ING opened at $17.02 on Tuesday. ING Groep has a one year low of $12.44 and a one year high of $18.04. The company has a 50-day simple moving average of $17.07 and a two-hundred day simple moving average of $15.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $59.54 billion, a PE ratio of 7.53 and a beta of 1.54.

ING Groep (NYSE:ING) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share for the quarter. The company had revenue of $6.06 billion for the quarter. ING Groep had a return on equity of 13.22% and a net margin of 32.20%. On average, analysts anticipate that ING Groep will post 2.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays raised shares of ING Groep from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 7th.

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.