ING Group, N.V. (NYSE:ING) Shares Sold by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. lessened its stake in ING Group, N.V. (NYSE:ING - Free Report) by 33.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,208 shares of the financial services provider's stock after selling 36,000 shares during the quarter. ING Group accounts for 0.4% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 21st largest position. Galibier Capital Management Ltd.'s holdings in ING Group were worth $1,375,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Huntington National Bank raised its position in shares of ING Group by 1.7% during the 4th quarter. Huntington National Bank now owns 35,030 shares of the financial services provider's stock worth $549,000 after purchasing an additional 597 shares during the last quarter. Wedmont Private Capital raised its position in shares of ING Group by 6.5% during the 1st quarter. Wedmont Private Capital now owns 11,415 shares of the financial services provider's stock worth $208,000 after purchasing an additional 693 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of ING Group by 1.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 62,657 shares of the financial services provider's stock worth $1,227,000 after purchasing an additional 786 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of ING Group by 21.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,085 shares of the financial services provider's stock worth $100,000 after purchasing an additional 897 shares during the last quarter. Finally, PDS Planning Inc raised its position in shares of ING Group by 6.7% during the 1st quarter. PDS Planning Inc now owns 15,435 shares of the financial services provider's stock worth $302,000 after purchasing an additional 963 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Group Stock Down 1.0%

Shares of ING Group stock traded down $0.24 during trading on Friday, reaching $22.75. The company had a trading volume of 2,624,418 shares, compared to its average volume of 2,348,460. The company has a market cap of $79.58 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. The firm's fifty day moving average is $21.32 and its 200-day moving average is $19.08. 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, N.V. has a fifty-two week low of $15.09 and a fifty-two week high of $23.25.

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

Analyst Upgrades and Downgrades

Several analysts have commented on ING shares. The Goldman Sachs Group raised 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 research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.