Kathmere Capital Management LLC Takes Position in ING Group, N.V. (NYSE:ING)

Kathmere Capital Management LLC purchased a new position in shares of ING Group, N.V. (NYSE:ING - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,796 shares of the financial services provider's stock, valued at approximately $231,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Advisors LLC purchased a new stake in shares of ING Group in the first quarter worth about $28,000. Redwood Investments LLC acquired a new stake in ING Group during the fourth quarter valued at approximately $41,000. Olde Wealth Management LLC acquired a new stake in ING Group during the first quarter valued at approximately $55,000. Hexagon Capital Partners LLC raised its stake in 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 valued at $100,000 after buying an additional 897 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in ING Group by 83.3% during the first 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 in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ING Group Stock Up 1.0%

NYSE ING traded up $0.22 during trading on Wednesday, hitting $22.67. 2,690,203 shares of the company traded hands, compared to its average volume of 2,352,903. ING Group, N.V. has a 12 month low of $15.09 and a 12 month high of $23.25. The business has a fifty day simple moving average of $21.41 and a 200 day simple moving average of $19.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $79.29 billion, a P/E ratio of 10.74, a PEG ratio of 1.82 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. ING Group had a net margin of 27.70% and a return on equity of 11.68%. As a group, sell-side analysts predict that ING Group, N.V. will post 2.14 EPS 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.