ING Group, N.V. (NYSE:ING) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. boosted its stake in ING Group, N.V. (NYSE:ING - Free Report) by 19.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 211,641 shares of the financial services provider's stock after buying an additional 34,972 shares during the quarter. Bessemer Group Inc.'s holdings in ING Group were worth $4,145,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd raised its stake in ING Group by 97.4% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 51,922 shares of the financial services provider's stock valued at $814,000 after purchasing an additional 25,624 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of ING Group by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock worth $48,000 after buying an additional 621 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of ING Group in the fourth quarter valued at approximately $55,000. Oppenheimer Asset Management Inc. lifted its stake in shares of ING Group by 18.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 92,045 shares of the financial services provider's stock valued at $1,442,000 after buying an additional 14,476 shares during the period. Finally, US Bancorp DE lifted its stake in shares of ING Group by 1.5% during the fourth quarter. US Bancorp DE now owns 170,021 shares of the financial services provider's stock valued at $2,664,000 after buying an additional 2,513 shares during the period. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Group Trading Up 0.6%

Shares of ING stock traded up $0.13 during trading hours on Tuesday, hitting $22.00. 2,627,945 shares of the company were exchanged, compared to its average volume of 2,313,177. The firm has a fifty day moving average of $20.83 and a 200 day moving average of $18.65. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.86. ING Group, N.V. has a 1 year low of $15.09 and a 1 year high of $22.07. The firm has a market cap of $76.96 billion, a PE ratio of 10.43, a PEG ratio of 2.08 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ING. The Goldman Sachs Group upgraded ING Group from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Cfra Research raised ING Group from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.