ING Group, N.V. (NYSE:ING) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC lifted its position in ING Group, N.V. (NYSE:ING - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 308,499 shares of the financial services provider's stock after buying an additional 68,843 shares during the period. Cerity Partners LLC's holdings in ING Group were worth $6,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ING. Huntington National Bank raised its holdings in shares of ING Group by 1.7% during the fourth quarter. Huntington National Bank now owns 35,030 shares of the financial services provider's stock valued at $549,000 after purchasing an additional 597 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of ING Group by 6.5% during the first quarter. Wedmont Private Capital now owns 11,415 shares of the financial services provider's stock valued at $208,000 after purchasing an additional 693 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of ING Group by 1.3% during the first quarter. Janney Montgomery Scott LLC now owns 62,657 shares of the financial services provider's stock valued at $1,227,000 after purchasing an additional 786 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of ING Group by 21.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,085 shares of the financial services provider's stock worth $100,000 after buying an additional 897 shares during the last quarter. Finally, PDS Planning Inc boosted its stake in shares of ING Group by 6.7% in the 1st quarter. PDS Planning Inc now owns 15,435 shares of the financial services provider's stock worth $302,000 after buying an additional 963 shares during the last quarter. Institutional investors own 4.49% of the company's stock.

ING Group Trading Up 0.2%

Shares of NYSE:ING traded up $0.04 during trading on Friday, hitting $22.77. The company had a trading volume of 2,556,993 shares, compared to its average volume of 2,364,166. ING Group, N.V. has a one year low of $15.09 and a one year high of $23.25. The stock has a market cap of $79.65 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.12 and a quick ratio of 1.12. The company has a fifty day simple moving average of $21.55 and a two-hundred day simple moving average of $19.30.

ING Group (NYSE:ING - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). ING Group had a return on equity of 11.68% and a net margin of 27.70%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. As a group, equities analysts forecast that ING Group, N.V. will post 2.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ING shares. The Goldman Sachs Group upgraded shares of ING Group from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Cfra Research raised shares of ING Group from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Barclays raised shares of ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, ING Group currently has an average rating of "Moderate Buy".

ING Group 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.