Natixis Advisors LLC Buys 869,281 Shares of ING Group, N.V. (NYSE:ING)

Key Points

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Natixis Advisors LLC boosted its stake in ING Group, N.V. (NYSE:ING - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,250,850 shares of the financial services provider's stock after buying an additional 869,281 shares during the quarter. Natixis Advisors LLC owned approximately 0.12% of ING Group worth $83,274,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Legacy Advisors LLC acquired a new position in ING Group in the first quarter worth $28,000. SBI Securities Co. Ltd. lifted its stake in shares of ING Group by 135.3% during the first quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 912 shares during the period. Redwood Investments LLC acquired a new position in shares of ING Group during the fourth quarter valued at $41,000. Olde Wealth Management LLC acquired a new position in shares of ING Group during the first quarter valued at $55,000. Finally, Hexagon Capital Partners LLC lifted its stake 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 valued at $100,000 after acquiring an additional 897 shares during the period. Institutional investors and hedge funds own 4.49% of the company's stock.

ING Group Stock Down 2.8%

Shares of NYSE:ING traded down $0.65 during mid-day trading on Friday, reaching $22.71. 3,429,460 shares of the stock were exchanged, compared to its average volume of 2,560,458. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.86. The company has a market cap of $71.48 billion, a P/E ratio of 10.47, a P/E/G ratio of 1.83 and a beta of 1.14. ING Group, N.V. has a one year low of $15.09 and a one year high of $23.90. The stock's 50 day simple moving average is $21.99 and its 200-day simple moving average is $19.80.

ING Group (NYSE:ING - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.40 billion. ING Group had a return on equity of 11.79% and a net margin of 27.28%. As a group, equities research analysts predict that ING Group, N.V. will post 2.14 EPS for the current year.

Analyst Ratings Changes

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