11,845 Shares in ING Groep (NYSE:ING) Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new position in shares of ING Groep (NYSE:ING) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,845 shares of the financial services provider’s stock, valued at approximately $215,000.

Other institutional investors also recently made changes to their positions in the company. Natixis Advisors LLC lifted its holdings in ING Groep by 71.3% during the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after purchasing an additional 1,376,713 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of ING Groep in the third quarter valued at about $7,972,000. Bank of New York Mellon Corp increased its position in ING Groep by 150.1% during the second quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider’s stock worth $10,267,000 after acquiring an additional 359,535 shares during the period. Benson Investment Management Company Inc. bought a new position in ING Groep during the third quarter worth about $5,204,000. Finally, Acadian Asset Management LLC acquired a new stake in ING Groep in the 2nd quarter worth about $4,626,000. Institutional investors own 4.49% of the company’s stock.

Analyst Upgrades and Downgrades

ING has been the subject of a number of analyst reports. Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Citigroup raised ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th.

ING Groep Stock Performance

Shares of ING Groep stock opened at $15.83 on Friday. The firm has a market capitalization of $55.38 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 5.91 and a beta of 1.48. The business has a 50-day simple moving average of $16.55 and a 200 day simple moving average of $17.30. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a one year low of $12.77 and a one year high of $18.72.

ING Groep Company Profile

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.