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

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ING. Northern Trust Corp grew its holdings in ING Group by 48.2% during the 4th quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock worth $65,205,000 after acquiring an additional 1,353,054 shares in the last quarter. Raymond James Financial Inc. bought a new position in ING Group during the 4th quarter worth about $14,375,000. Guardian Partners Inc. bought a new position in ING Group during the 4th quarter worth about $11,730,000. Millennium Management LLC grew its holdings in ING Group by 671.8% during the 4th quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider's stock worth $8,780,000 after acquiring an additional 487,716 shares in the last quarter. Finally, Causeway Capital Management LLC grew its holdings in ING Group by 38.8% during the 4th quarter. Causeway Capital Management LLC now owns 1,491,567 shares of the financial services provider's stock worth $23,373,000 after acquiring an additional 416,762 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

ING Group Stock Up 0.2%

Shares of ING stock traded up $0.06 during mid-day trading on Thursday, hitting $22.73. 2,447,542 shares of the stock traded hands, compared to its average volume of 2,359,101. The stock has a market cap of $79.50 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.83 and a beta of 1.11. The stock's fifty day moving average is $21.51 and its two-hundred day moving average is $19.22. ING Group, N.V. has a 52-week low of $15.09 and a 52-week high of $23.25. 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 (NYSE:ING - Get Free Report) last released 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 firm had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $5.74 billion. ING Group had a net margin of 27.70% and a return on equity of 11.68%. Equities analysts predict that ING Group, N.V. will post 2.14 EPS for the current year.

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.