Lincluden Management Ltd. Sells 63,586 Shares of ING Group, N.V. (NYSE:ING)

Lincluden Management Ltd. trimmed its holdings in ING Group, N.V. (NYSE:ING - Free Report) by 20.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,061 shares of the financial services provider's stock after selling 63,586 shares during the period. Lincluden Management Ltd.'s holdings in ING Group were worth $4,860,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Legacy Advisors LLC acquired a new position in shares of ING Group in the 1st quarter valued at approximately $28,000. SBI Securities Co. Ltd. raised its position in shares of ING Group by 135.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 912 shares in the last quarter. Redwood Investments LLC acquired a new position in shares of ING Group in the 4th quarter valued at approximately $41,000. Olde Wealth Management LLC acquired a new stake in shares of ING Group during the 1st quarter valued at approximately $55,000. Finally, 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 valued at $100,000 after acquiring an additional 897 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ING shares. Cfra Research upgraded ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Barclays raised ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 15th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

ING Group Stock Performance

ING traded down $0.57 during midday trading on Monday, reaching $23.31. The company's stock had a trading volume of 878,663 shares, compared to its average volume of 2,771,145. The company has a fifty day simple moving average of $21.80 and a 200 day simple moving average of $19.59. 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 twelve month low of $15.09 and a twelve month high of $23.90. The stock has a market cap of $73.37 billion, a P/E ratio of 11.05, a PEG ratio of 1.92 and a beta of 1.11.

ING Group (NYSE:ING - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $5.74 billion. ING Group had a net margin of 27.70% and a return on equity of 11.68%. Research analysts expect that ING Group, N.V. will post 2.14 earnings per share for the current year.

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.