Concurrent Investment Advisors LLC Buys Shares of 13,992 ING Group, N.V. (NYSE:ING)

Concurrent Investment Advisors LLC purchased a new position in ING Group, N.V. (NYSE:ING - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,992 shares of the financial services provider's stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Olde Wealth Management LLC bought a new position in ING Group during the first quarter valued at about $55,000. Checchi Capital Advisers LLC increased its stake in ING Group by 12.4% during the first quarter. Checchi Capital Advisers LLC now owns 20,416 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 2,248 shares during the period. Resonant Capital Advisors LLC increased its stake in ING Group by 16.3% during the first quarter. Resonant Capital Advisors LLC now owns 14,062 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 1,968 shares during the period. Aaron Wealth Advisors LLC increased its stake in ING Group by 1.3% during the first quarter. Aaron Wealth Advisors LLC now owns 78,043 shares of the financial services provider's stock valued at $1,529,000 after acquiring an additional 1,018 shares during the period. Finally, Wealthstar Advisors LLC increased its stake in ING Group by 152.1% during the first quarter. Wealthstar Advisors LLC now owns 61,010 shares of the financial services provider's stock valued at $1,195,000 after acquiring an additional 36,807 shares during the period. Institutional investors and hedge funds own 4.49% of the company's stock.

Analyst Upgrades and Downgrades

ING has been the topic of a number of recent research reports. Cfra Research raised ING Group from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. The Goldman Sachs Group raised ING Group from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Finally, Barclays raised ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ING Group presently has a consensus rating of "Moderate Buy".

ING Group Stock Down 0.7%

ING stock traded down $0.16 during trading hours on Tuesday, reaching $22.45. 2,582,333 shares of the stock were exchanged, compared to its average volume of 2,346,298. The firm's 50-day moving average is $21.36 and its 200-day moving average is $19.13. The company has a market cap of $78.52 billion, a price-to-earnings ratio of 10.64, a PEG 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. ING Group, N.V. has a 12 month low of $15.09 and a 12 month high of $23.25.

ING Group (NYSE:ING - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $5.74 billion. On average, equities research analysts expect that ING Group, N.V. will post 2.14 earnings per share for the current year.

About ING Group

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.