ING Group, N.V. (NYSE:ING) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in shares of ING Group, N.V. (NYSE:ING - Free Report) by 7.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,860,373 shares of the financial services provider's stock after selling 159,455 shares during the period. Envestnet Asset Management Inc. owned 0.05% of ING Group worth $36,445,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Advisors LLC acquired a new stake in shares of ING Group during the first quarter worth $28,000. Redwood Investments LLC bought a new position in shares of ING Group during the fourth quarter worth about $41,000. Olde Wealth Management LLC bought a new position in shares of ING Group during the first quarter worth about $55,000. Hexagon Capital Partners LLC grew its position in shares of ING Group by 21.4% during the first quarter. Hexagon Capital Partners LLC now owns 5,085 shares of the financial services provider's stock worth $100,000 after acquiring an additional 897 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of ING Group during the first quarter worth about $126,000. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Group Price Performance

ING stock opened at $22.75 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.86. ING Group, N.V. has a one year low of $15.09 and a one year high of $23.25. The firm has a market capitalization of $79.58 billion, a PE ratio of 10.78, a P/E/G ratio of 1.83 and a beta of 1.11. The firm has a 50-day moving average of $21.32 and a two-hundred day moving average of $19.08.

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 net margin of 27.70% and a return on equity of 11.68%. The firm had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $5.74 billion. On average, analysts forecast that ING Group, N.V. will post 2.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. 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. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ING Group presently has a consensus rating of "Moderate Buy".

ING Group 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.

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