Cerity Partners LLC Grows Holdings in ING Group, N.V. (NYSE:ING)

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

Several other hedge funds and other institutional investors have also made changes to their positions in ING. Rehmann Capital Advisory Group lifted its stake in ING Group by 6.0% in the first quarter. Rehmann Capital Advisory Group now owns 22,921 shares of the financial services provider's stock worth $449,000 after acquiring an additional 1,289 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of ING Group by 21.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 13,910 shares of the financial services provider's stock valued at $272,000 after acquiring an additional 2,467 shares during the period. M&T Bank Corp increased its holdings in shares of ING Group by 4.1% in the 1st quarter. M&T Bank Corp now owns 34,273 shares of the financial services provider's stock valued at $671,000 after acquiring an additional 1,350 shares during the period. Callan Capital LLC increased its holdings in shares of ING Group by 54.1% in the 1st quarter. Callan Capital LLC now owns 38,649 shares of the financial services provider's stock valued at $757,000 after acquiring an additional 13,574 shares during the period. Finally, TD Private Client Wealth LLC grew its position in ING Group by 83.3% in the 1st quarter. TD Private Client Wealth LLC now owns 5,957 shares of the financial services provider's stock valued at $117,000 after buying an additional 2,707 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company's stock.

Analysts Set New Price Targets

ING has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of ING Group from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Barclays raised shares of ING Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday. Finally, Cfra Research raised shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

ING Group Trading Up 0.2%

ING traded up $0.06 on Thursday, reaching $22.73. 2,447,542 shares of the company's stock were exchanged, compared to its average volume of 2,359,101. The company's 50 day moving average is $21.46 and its 200-day moving average is $19.18. The company has a market cap of $79.50 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.83 and a beta of 1.11. ING Group, N.V. has a twelve month low of $15.09 and a twelve month high of $23.25. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.12 and a current ratio of 1.12.

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

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.